Monthly Archives: February 2012

Treating the Symptoms

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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.


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