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Archive for the 'EU' Category

[Figures available here.]
Man, they do not make it easy.
According to the ECB (here):

“Investment funds” (IFs) are collective investment undertakings that: (i) invest in financial and non-financial assets, within the meaning of the European system of national and regional accounts in the Community (ESA 95), to the extent that the objective is to invest […]

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CONTINGENCIES ARE FOR WIMPS


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Consumer price inflation has been successfully contained for quite some time now at least in the major OECD economies. But at the same time we are observing large cycles in a variety of asset prices accompanied by ample global liquidity. Economists at the Bank for International Settlements have recently been arguing that the coincidence of […]

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EURO WORKSHOP REPAIRS


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GILMORE ON A STRING


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“Swamp. Yes, yes. Come master, we will take you on safe paths through the mist. Come hobbits come. Real quickly. I found it, I did. The way through the marshes. Orcs don’t use it, orcs don’t know it. They go round for miles and miles, come quickly, swift and quick as shadows we must be.”

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I’m pretty sick of the regular news cycle talking about the Eurozone crisis, and the various bits of leaked info from the upcoming budget. Is it necessary to talk about the public sector cuts, cuts in the Welfare budget or VAT increases as if somehow there is an argument that this is being done to […]

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