Evans-Pritchard: Eurozone is Japan redux
Here, in a very tight post with lots of data. What did Marx again say about tragedies and farces? What did Einstein say about expecting different results from doing the same thing over and over?
View ArticleThe ECB’s next problem: saving Italy | Business | The Guardian
http://www.theguardian.com/business/economics-blog/2014/aug/07/the-ecbs-next-problem-saving-italy Some commentators (notably Ambrose Evans-Pritchard) have warned for a long time Italy is the elephant...
View ArticleA link with realism on European QE by Francesco Saraceno
He makes some very basic points, that may indicate that QE will not work because we are still in a situation of deficient demand. Also he points out the absurdness of some Draghi’s comments.
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