Liaquat Ahmed’s Lords of Finance is somewhere between a history of the world economy between the First World War and the Great Depression and a group biography of the key central bankers of that era - Montagu Norman of the Bank of England, Emile Moreau of the Banque de France, Hjalmar Schacht of...
Posted to
Economics
on 03-13-2010
Filed under: A Fistful Of Euros, Economics: Currencies
Charlemagne, over at the Economist blog, can be… uneven. But this recent post about Greece’s public sector is IMO top notch. It puts the creation of Greece’s huge, poorly paid, inefficient public sector in historical context:
Take the painful question of the huge public sector, and...
Posted to
Economics
on 03-13-2010
Filed under: A Fistful Of Euros, History, greece, Spain
I hadn’t seen an advance release of the January German export data, when I wrote the following on Tuesday, honest *** I hadn’t:
Well, this is only a hypothesis. But if the hypothesis has any validity we should be able to make some predictions on the basis of it. I would make two.
Firstly...
Posted to
Economics
on 03-11-2010
Filed under: A Fistful Of Euros, Economics and demography
According to Bundesbank President Axel Weber, Germany’s economic recovery is “essentially intact”, and is now set to benefit from stronger demand in countries outside the euro region.
“I firmly believe that the recovery process that began in summer 2009 is essentially intact, and that it will continue...
Posted to
Economics
on 03-09-2010
Filed under: A Fistful Of Euros, Economics and demography