The ECB keeps repeating that it is on a path of monetary policy “normalisation”. But what is behind this phrase and why does the ECB like it so much? I argue that it currently functions to deceive and legitimise the potentially severe effects of policy rate hikes.
First the taxpayer bailed out the Irish banks. Now the Allied Irish Bank is permitted to defer taxes on these losses – for 20 years! What was that about getting screwed coming and going? Read […]
An excellent, objective piece concerning the current state of Denmark and the Scandinavian nations. In the rest of Europe Scandinavia is not villified, it simply does not exist as it does not fit in the […]
We have avoided the topic of Brexit, but when the most eloquent and convincing proponent of Lexit writes something on the topic – and this is a lengthy article – it is well worth reading, […]
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