February 4, 2015 0

Germany’s "Time Pressure" Thesis; Noose Tightens on Europe

By News Desk

Alexis Tsipras politely blasted the alleged German " generosity " in a letter to the German newspaper Handelsblatt. (See Alexis Tsipras "Open Letter" to German Citizens Regarding Extend-and-Pretend Unserviceable Debt ). I happen to agree with that letter in entirety, even though I strong disagree with other Syriza positions.

February 4, 2015 0

Australia Coming Apart at the Seams

By News Desk

On February 3, the Wall Street Journal reported Australia Cuts Interest Rates to Record Low . Australia cut its benchmark interest rate to a record low of 2.25% Tuesday, joining a procession of central banks that have eased policy settings this year in response to the deflationary impact of tumbling oil prices.