Wrong time, wrong place for floating rate debt

Testifying before Congress back in 1993, when interest rates were 7.5%, I advocated shifting some of the Federal debt to floating rate debt. If the Treasury had shifted half of the debt to floating rate at that time, they would … Continue reading →

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Posted on May 2, 2012 by charvey

Confronting Global Risks

I am doing a live Webinar on April 11, 2012 at 11:00am ET. It is called Confronting Global Risks. There is a preparatory video that is available here. The live session will take your questions. The basic topics are: I … Continue reading →

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Posted on April 5, 2012 by charvey

Treating the Symptoms

A massive €530 billion liquidity injection occurred in Europe today in the form of LTRO. This helicopter drop does not solve the Eurozone’s problems: it merely delays them. The ECB is treating the symptoms not the disease.

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Posted on February 29, 2012 by charvey

New videos posted

I have just posted a number of videos that deal with current global macro events. They can be viewed on the gardenofecon youtube channel here. Will the austerity measures in Greece lead to a breakdown in civil society that breaks … Continue reading →

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Posted on February 14, 2012 by charvey

The Run on Europe

There is a lull in negative news from Europe. However, it is short lived. There are four facts that are very important to understand: Most European banks are insolvent The ECB is massively monetizing to keep the system operational Germany … Continue reading →

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Posted on January 12, 2012 by charvey

Seven new videos posted

I have posted seven new videos to http://www.youtube.com/gardenofecon Topics include: • What do you think of the announcement from the EU about a fiscal compact? • Is it a big deal that the U.K. is not in the agreement? • … Continue reading →

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Posted on December 15, 2011 by charvey

The Last Man Standing

Which is a greater force driving volatility: uncertainty about whether the U.S. can get its budget act together or Europe’s future? I would argue that Europe poses a much greater risk — and it is less understood in U.S. markets. … Continue reading →

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Posted on November 18, 2011 by charvey

6 New Videos Posted

You can access the videos at my youtube channel: http://www.youtube.com/gardenofecon The questions being answered are: 1. European debt crisis: a. What are the implications for the long term viability of the Euro? b. What is your perspective on the Greece austerity … Continue reading →

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Posted on October 19, 2011 by charvey

The Problems at Bank of America

Do you hear that ticking sound? Today it was leaked that the Federal Reserve has requested a “contingency plan” for Bank of America (BAC). Supposedly, this includes the possibility of spinning off Merrill Lynch for some extra cash. Such a … Continue reading →

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Posted on September 2, 2011 by charvey

Bundesbank Special Ops Group (Deutsche Mark Reappears?)

It makes sense that there is a secret group within the Deutsche Bundesbank working on a plan to resurrect the Deutsche Mark. It would be a gross failure of national risk management if they did not have a plan. Call … Continue reading →

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Posted on November 29, 2010 by charvey