“Severing ties with sovereigns is easy. Happens all the time here, when a client forgets to take it off…” – anonymous guillotine operator, Paris 1789 Advertisements
The markets payed a call on Europe but the masters of the house, Cindeurella and the Prince, were both on vacation at different low cost beaches. They were ushered to a waiting room by the doorman, an impressive gentleman of … Continue reading
Posted in Cindeurella, Debt, Fiscal policy, Monetary policy, Politics, Trichet
Tagged debt, ecb, EFSF, euro, Europe, monetization, SMP
A typical European childhood is marked by regular torture sessions at the hands of this most overrated of French writers: Saint-Exupéry. His “Little Prince” is so overwhelmingly praised above its squalid merits that any resistance becomes futile. One just has … Continue reading
Back in my student days, I would marvel at the stupidity of our elders. These articulate and self-assured authors of my textbooks had it all figured out and it was simple indeed!