Category Archives: The Weekend Read

The Weekend Read: Europe Gives Birth to the “Trichet Bond”

As explained in the Financing Offer, investors will be offered four new instruments in addition to the opportunity to participate in a debt buyback program to be established by the Greek government in consultation with the official sector. The instruments … Continue reading

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The Weekend Read: Death by Debt

“WE HAVE a system of government in which everybody has to give a little bit.” So said Barack Obama at the start of this week. But parse that sentence. Does the president mean that America already has a system in … Continue reading

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The Weekend Read: Reality Meets Perception

Higher energy and food prices are crowding out consumer demand for other items, and the market consensus is that QE2 has proven to be counter-productive. Unable to concede this, Mr. Bernanke nonetheless seems determined to have it both ways, remarking … Continue reading

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The Weekend Read: Equity Rampopotamus!

There are comments that there are underlying flaws in the ISM number and that GM’s (GM – commentary – Trade Now) sales numbers are inflated by some channel stuffing, but the market continues to act as if it doesn’t have … Continue reading

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The Weekend Read: Greek Week

Everything depends on computers these days: the energy supply, airplanes, trains. I’m worried that the Net will soon become a war zone, a platform for professional attacks on critical infrastructure. – Evgeny Kaspersky,  anti-virus expert Bonds Munis Dithering in Wake … Continue reading

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The Weekend Read: U.S. Open – Boehner v. Obama

Golf Digest estimates Mr. Obama’s handicap — perhaps generously, in the view of some golfers — at 17, meaning, theoretically, that the president would typically play 18 holes in the high 80s to low 90s. The magazine put Mr. Biden’s … Continue reading

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The Weekend Read: It’s Moving Day for the Administration

No President since Franklin Roosevelt has won re-election with unemployment higher than 7.2%, and Obama’s own economists in February predicted 8.6% unemployment in 2012. That number may yet be revised upward in light of recent economic headwinds, including the Japanese … Continue reading

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The Weekend Read: Blue Collar Blues

For much of 2010, the slumping economy was affecting white-collar, highly educated workers almost as much as it was affecting less educated and blue-collar workers. That’s no longer the case. In recent months, the economy has once again been easier … Continue reading

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The Weekend Read: Bikini Wax Indicator

If you’re getting a bikini wax in Brazil, you’ll likely find that the cost is rising. And if you’re an economic policy maker, you’ll likely see that as a problem, since the bikini wax is one of the items the … Continue reading

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The Weekend Read: Judgement Day

Five months ago, a government change in Spain’s Catalonia region revealed a budget deficit more than twice as big as previously reported. Now, a growing chorus of economists, local politicians and business leaders say that new governments are likely to … Continue reading

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