If you’re feeling whipsawed lately, there’s a good reason. Make that a lot of good reasons. Everywhere you look there seems to be an surplus of contradiction in economics and finance. The trend in consumption, for intance, is encouraging while income growth is slowing. Meanwhile, the labor market is showing signs of renewal recently just as the euro crisis threatens to deepen.
Daily Archives: November 18, 2011
Strategic Briefing | 11.18.2011 | The ECB’s Last Stand?
European Rift on Bank’s Role in Debt Relief
The New York Times | Nov 17
The financial stability of Europe has come down to one institution, the European Central Bank, which is now under heavy new pressure to rescue the euro — or possibly see it collapse…. “There is no solution to the crisis without the E.C.B.,” said Charles Wyplosz, a professor at the Graduate Institute in Geneva and co-author of a standard textbook on European integration. “The amounts we are talking about are too big for anybody but the E.C.B.”