ricardian ambivalence

US Deficit Super-Committee Fail

The WSJ reports that the US Deficit Super-Committee has failed to reach agreement on the 1.2bn required to be cut

It has now become commonplace to read stories about how the ECB must purchase large quantities of bonds. It is

FT notes : “the big four UK banks cut interbank loan volumes by more than 24 per cent to £10.5bn

It’s too late to avoid a European recession. Assuming the PMIs (released next week) are as expected, and assuming that

“The Greens welcome President Obama to Australia for a visit that will be quite different to that of George W

Remember the hoopla about beefing up the EFSF? It’s not up to the task. While professionals debated the merits of

The OECD’s CLIs suggest that all the major economies are set to slow further. This includes China and India. The

The SF Fed’s most recent letter warns that there is an ~50% chance of a US recession in H1’12. The

I am reliably informed by a relative who works in the industry that ‘work to rule’ practices have already started

The economist has an interactive debt calculator. Look what I made

The Italian 10yr yield has gone to ~500bps over Germany, or ~7%. If these yields are sustained, Italy is a

(Ex) PM Rudd wrote that the GFC had sounded the death-knell for neo-liberalism – but it seems to me that