Posts filed under “Bailouts”

Druckenmiller: Look for Three Market Surprises in 2015

Stan Druckenmiller is betting on the unexpected. With one of the best long-term track records in money management, he is anticipating three surprises: Improving economy in China, Rising oil prices, and no Federal Reserve interest rate increase in 2015.

Stan Druckenmiller: Zero-Interest Rates Unnecessary

Category: Bailouts, Federal Reserve, Investing, Video

“I come not to bury bonuses, but to praise them”

I come not to bury bonuses, but to praise them. Yesterday the New York State Office of the Comptroller released itsannual report. The report is chock full of great tables and charts (seethis, this, and this). The key takeaways include these data points: • The bonus pool for securities industry employees who work in New York City grew…Read More

Category: Bailouts, Wages & Income

Investment in the Euro Area: Why Has It Been Weak?

Category: Bailouts, Economy, Think Tank

Fed Gives Congress Room to Shirk Resposibility

One of my favorite thought experiments is the careful-what-you-wish-for scenario. I was reminded of its utility during Federal Reserve chief Janet Yellen’s Congressional testimony the other day. Consider the critique of the Fed by some members of Congress. As the New York Times described it, the three-hour hearing was “testy” as “Republicans on the House Financial…Read More

Category: Bailouts, Politics, Really, really bad calls, Taxes and Policy

Rap Battle: Yanis Varoufakis vs Dijsselbloem & Merkel

Hilarious (Click settings for English captions):

 
RAP BATTLE [English + GREEK SUBS] – Dijsselbloem vs Βαρουφάκης (Varoufakis)

 
Hat tip FT ALphaville

Category: Bailouts, Currency, Humor, Video

Adventures in Banking: Responsibility & Blame

Morgan Housel makes the delightful if infuriating observation that bank execs take credit — along with fat paychecks and even fatter bonuses — on the way up. On the way down, its always seems to be someone else’s fault: Robert Rubin, a former Treasury Secretary, joined Citigroup in 1999 as chairman of the executive committee. He was…Read More

Category: Bailouts, Corporate Management, Really, really bad calls

Sarkar on Greece

There has been a great deal written about Greece recently. I therefore, somewhat timidly, add my penny’s worth. The Syriza Party, through their PM and their finance minister, has rejected the idea of cooperating with the Troika, the EU, ECB and the IMF. They are seeking debt forgiveness to meet their election pledges to the Greeks population….Read More

Category: Bailouts, Think Tank

The “Greek Issue”

Fascinating flowchart from Deutsche Bank: It is wrong to think that contagion stems only from Grexit. An excessive compromise with Greece could result in moral hazard, particularly in relation to structural reforms. This could undermine the medium-term stability of the euro area. The tail risk is that Greek politicians try to leverage too much the fear…Read More

Category: Bailouts, Politics, Really, really bad calls

The Greek Economy: Which Way Forward?

Category: Bailouts, Think Tank

Super Mario Delivers

Mr Draghi (Super Mario) delivered yesterday, despite the leaks which virtually gave away the details of his announcement ahead of the press conference. The EZ Central Banks (coordinated by the ECB), together with the ECB is to buy E60bn of government, ABS’s, covered bonds and agency debt, per month, commencing March 2015 up to at…Read More

Category: Bailouts, Federal Reserve, Think Tank