What happens when ‘exceptional conditions’ become the norm? I am sure that question is on the minds of European readers tuned into the Mish blog. Let’s take a look. Italy and Portugal faced EU wrath …
The Exceptional Conditions Virus
Category: Economy
The United States of Europe is dead, long live EMU!
by Stephen Roach (from Amsterdam) This was a fascinating week to have been in Europe. A week after the shock that hit the Continent, this six-city swing is nothing but doom and gloom. First, the …
Stupid Comments by the Fed (and Others, Too)
QUITE LITERALLY, this has been an amazing few weeks for stupid comments by Fed officials, spokesmen for the California Building Industry Association, former Fed officials, spokesmen for the U.S. Army, spokesmen for banks, and investment …
Same Data/Different Interpretation
Sometimes, I wonder whether I am on the same planet as those who espouse hyperinflation. The debate among inflation, stagflation, deflation, hyperinflation and just plain ‘’flation’ has been raging for years. Most sides do not …
China On A Rising Path
‘China is on a rising path and America welcomes the emergence of a strong and peaceful and prosperous China.’ This tactful remark by President Bush during his 2002 visit to Beijing undoubtedly reflects the thoughts …
Is U.K Housing a Leading Indicator for the U.S.?
Is the housing slowdown in the United Kingdom a harbinger of what is about to happen in the United States? Let’s take a look at the current situation in the United Kingdom and see if …
An Ominous Parallel
It can no longer be doubted that the world economy is heading into a new downturn following a recovery that has been unusually short and weak among the industrial countries. The loss of momentum during …
Euroland’s Arrested Development
Euroland lead indicators have turned down again, threatening to scupper the economic recovery that never really was. We have been, relatively speaking, ‘bullish’ on Euroland growth for a little while now – based partly on …
Will Small-Cap Apparel Makers Take It in the Shorts?
The strong-arming, chest-thumping and browbeating around China’s flood of cheap textile exports to the U.S. could make a direct hit on the wallet of the US small-cap investor – but not in the way that …
Trouble Ahead for Barclays
Barclays has played its part in helping British consumers build up over £1trn pounds of debt in the past few years, and has made healthy profits along the way, says Lex in the FT. So …