Tag Archives: Macro

Debt Is Still The Problem

Global Economy, On the cover, Sin categoría
“The debt compromise is like eating a Satan sandwich” Emanuel Cleaver

Yesterday I heard again a sentence that tends to be repeated frequently: “Deficits support growth”. It assumes with his claim that increasing deficits helps economic recovery, rather than see that such recovery is much slower and fragile precisely because of the large deficits and the cost of financing them with taxes. Continue reading Debt Is Still The Problem →

Attack on Syria and the real risk for oil markets

Global Economy, Oil Market, On the cover

‘The question is not whether there will be a military action against Syria. The questions are “who?”, “What?”, and “when”? ‘ – SocGen Analyst

In 1973, Hafez Al-Assad was the president of Syria . Between that year and 1982 the regime conducted a systematic terror campaign against the opposition, which led to the slaughter of up to 40,000 people after the rebellion of the city of Hama. Al-Assad remained in power until 2000, when he was succeeded by his son, Bashar , the current Syrian leader. During all those years, outrage and international criticism of the regime always ended in many words and little action. Continue reading Attack on Syria and the real risk for oil markets →

Banks have become over-regulated. My interview on CNBC this morning:

Global Economy, Interviews, Media, On the cover, Sin categoría
Banks have become over-regulated

And my article about over-regulation:Euro Banks and the Dangers of Over-RegulationIn a chapter of my book “Nosotros los Mercados” (We, the Markets) I mention that in the middle of the financial crisis, a French banker told me that “we don’t analyse a loan for the government, we just grant it”. Continue reading Banks have become over-regulated. My interview on CNBC this morning: →