Tag Archive: Greece

Euro Morons: Hyperinflation Successfully Avoided, Stagflation Successfully Created

2012-12-01

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2012-12-01

Stagflation
Keeping Greece in euro zone, eurocrats or better “euro morons” have successfully avoided a weak drachma and a following Greek hyperinflation. Instead they successfully created stagflation. Currently European HICP inflation is at 2.5%, far above the max. 2.0% official ECB mandate, but the euro is becoming weaker and weaker. German salaries are rising with 2.6% …

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The Eurozone crisis between euro-morons and zombie-bankers

Meuron Zombie Rybinski


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Global Purchasing Manager Indices, Update December 10

2012-11-12

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2012-11-12

Global PMIs December 3, 2012
  Manufacturing PMIs are considered to be the most leading and important economic indicators. Jim O’Neill, Chairman of Goldman Sachs Asset Management, believes the PMI numbers are among the most reliable economic indicators in the world.  BlackRock’s Russ Koesterich thinks it’s one of the most underrated indicators. Global Purchasing Manager Indices for the manufacturing industry   December 3, 2012 …

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74.8 percent of Norwegians Say No to EU Membership

2012-10-14

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2012-10-14

In the latest poll, 74.8 percent of the Norwegian population says no to EU membership, while 17.2 said they would vote yes in any referendum. 7.9 percent have not decided. Seven out of ten voters of the ruling party do not share the party’s views on the EU and would have voted no in a possible referendum, … Continue reading...

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Otmar Issing’s new book on the euro crisis

2012-08-10

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2012-08-10

Issing Book
  We well remember when the über-bailouter of the Financial Times Wolfgang Münchau claimed that except some old economy professors like Otmar Issing nobody in Germany would like to abolish the euro. According to Münchau the euro can be saved only via a fiscal and a banking union. The response to Münchau’s post could be … Continue reading...

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