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Tag Archives: EFSF
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
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
Posted in Finance
Tagged Article 123, Bundesbank, Campbell Harvey, ECB, EFSF, ESM, Eurozone, Treaty of Lisbon
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