Tag Archives: democracy and finance

More crony capitalism

The fact that stock exchanges who are expected to work as co-regulators rent server space within their own computers to flash traders in order to provide them with faster access to trading data is outrageous. It blatantly violates the equal access rule. Continue reading

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Intellectually, we are with Mr. Romney, emotionally, we are with Mr. Obama

Ideologically, we are in deed closer to Mitt Romney than to President Obama. The problem though is that we do feel a lot of sympathy for Mr. Obama as a person which is why we have a hard time to unequivocally position us against him. Continue reading

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Listen up IMF/Troika to Romney’s tax plan

Mr. Romney, rightly, argues that it is a mistake to raise taxes in order to reach a dual growth and austerity target. In this, he is in considerable contrast to current IMF/Troika practice. Continue reading

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Erring between extremes

Most people, most politicians and most economists aren’t clear-cut this or clear-cut that. Most poeple do in deed favor a mix of Keynesian and supply side politics. We should, hence, measure our words when criticizing the Fed’s QE 3 program. Continue reading

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The reasonable thing may be to eventually break them up

Big banks may simply be too big and unwieldy that anyone could hope to manage them adequately. Continue reading

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Why does what works in Ireland not seem to work in Spain?

The swift success of the Irish reform measures has a lot to do with the lesser degree of hostility that the Irish public has towards free-market ideas and concepts. Compare that to the situation in Southern Europe. Continue reading

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Watch the development of the French-German government bond spread!

One shouldn’t fool oneself thinking that the international public opinion (or better the internationaly “published” opinon) on one hand and market sentiment on the other are necessarily one and the same thing. Continue reading

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Mariano Rajoy is inducted into Noah denkt™’s Hall of Fame

Fate and financial markets will eventually compensate Mariano Rajoy for all the courage, tenacity and wisdom which he is showing in his current role as captain of the beleaguered Spanish ship. Continue reading

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You have to be hopeful, even if there appears to be no hope

There is no denying that a majority of citizens in Europe is unwilling to understand that the European welfare state needs to be considerably reduced if the Euro-zone wants to deal with the global market reality effectively. Continue reading

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Please do not choose to live in a fantasy land!

On April 22 and May 6, French voters, will have the chance to decide whether they want to live in a protective fantasy land (Hollande, Le Pen, Mélenchon, Joly) or whether they want to accept the fact that there is no hiding from the hard-knuckled world we are actually living in. Continue reading

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