Posts filed under ECB

December 21, 2016

??Italian Bank Rescue??

Dear Friends, Smoke and mirrors again. In the end, the Italian banks will be saved, if at all, by wiping out creditors and equity holders. Many of the creditors are…
June 27, 2016

BREXIT – the Economics

“Britain’s exit from the European Union is of less significance than the economists have contemplated” at least for the UK.   The economic pundits, always in sync with the status…