Tag Archive: Zerohedge
Cyprus: The initial compromise and reactions
The initial compromise The Cyprus compromise combines a 10 billion € bailout with European, basically German tax-payers money, that also obliges rich account owners (9.9% levy) – rich Russians and Brits – and poorer account owners (6.75% levy) – Cypriot tax-payers money – to take part in the deal. Initial reactions from Zerohedge over Keynesian mainstream …
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The Big Swiss Faustian Bargain: Differences between SNB, ECB and Fed Money Printing Explained
Potential losses due to money printing are for the Fed: 1.2% of GDP, Bundesbank: 5% of GDP, SNB: 12% of GDP.
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The Big Swiss Faustian Bargain: Differences between SNB, ECB and Fed Money Printing Explained
In this post we show that the risks the Fed, the ECB and the Bundesbank incur are far smaller than the one the Swiss SNB takes. The Fed has “just” an inflation risk, that could cost 200 billion US$, 1.2% of US GDP. The ECB and Bundesbank have the risk that the euro zone splits … Continue reading »
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How former central bankers stepped up against the central banks
There are already three former European central bankers who criticize more or less openly the European Central Bank (ECB).
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The End of Swiss and Japanese Deflation
At a time of speculations about global deflation, we show an interesting and very different aspect. Our CPI and wage data comparison among different developed countries, shows that Switzerland and Japan will see both inflation, whereas other countries like Australia will see disinflation.
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