Author Archives: bzik2

“Plans for a full-scale money-printing operation to spur growth and inflation in the struggling eurozone cleared a legal hurdle yesterday after a favourable verdict from the European Court of Justice.” http://www.independent.co.uk/news/business/news/european-court-says-yes-to-qe-bazooka-9979035.html

“Lawrence Summers has taken himself out of the running to be the next chair of the Federal Reserve, withdrawing his name after opposition from key Democratic senators indicated they would oppose his nomination.” News after Financial Times

“Microsoft is to buy Nokia’s mobile phone business and patents for €5.44bn ($7.2bn) in an all-cash deal that will reshape the telecoms industry on two continents and comprise a big bet that Microsoft can challenge Apple and Samsung. The deal … Continue reading →

http://m.huffpost.com/us/entry/3826165 “Regulators overseeing the nation’s largest financial institutions are distrustful of their bosses, afraid to speak out, and feeling isolated, according to a confidential survey this year of Federal Reserve employees.”

said Walter Bagehot. After the subprime crisis burst in 2008, people were probably thinking: no one is ever really sorry when a banker dies. I recommend reading about a mock trial of economists organized by LSE in 1933. I found … Continue reading →

Germany’s Bundesbank has issued a devastating attack on the bond rescue policies of the European Central Bank, rendering the eurozone’s key crisis measure almost unworkable. http://www.telegraph.co.uk/finance/financialcrisis/10021894/Bundesbank-declares-war-on-Mario-Draghi-bond-bail-out-at-Germanys-top-court.html This is news from April but the solution/next info is to be expected in … Continue reading →