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Articles by: kaleb

No Really, the Fed Didn’t Do Anything to Help the Situation

December 1, 2011 at 4:20 pm 0 comments

We’re still a long way from solving the debt crisis. Investors threw a party yesterday, lifting U.S. stocks nearly 500 points on the Dow after the world’s main central banks joined to provide dollar liquidity to struggling banks. This makes sense to prevent intrabank markets from seizing up, but no [...]

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Poland Demands German Action on Debt Crisis

December 1, 2011 at 4:17 pm 0 comments

Considering how well acquainted Poland is with German “action” that’s saying something. POLAND’S foreign-policy course over the past five years has been marked by two features: caution, and improving relations with Germany. But in a remarkable speech in Berlin yesterday Radek Sikorski, Poland’s foreign minister, threw caution aside and made a dramatic appeal [...]

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Time is Running Out for the Eurozone

December 1, 2011 at 4:01 pm 0 comments

Don’t count on European leaders to pull this out. Last week, the crisis reached a new qualitative stage.  With the spectacular flop of the German bond auction and the alarming rise in short-term rates in Spain and Italy, the government bond market across the eurozone has ceased to function. http://www.ft.com/cms/s/0/d9a299a8-1760-11e1-b00e-00144feabdc0.html#ixzz1f6uLB9o7

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