Monthly Archives: September 2012

“QE-infinity” is apparently not convincing the US bond market. After rising this summer on the expectation of more Fed easing, this month 10-year yields are once again signaling deflation for the foreseeable future. Central bank jaw-boning aside, this chart shows … Continue reading →

I will be speaking at the Cambridge House show this Thurs (at 1pm) and Fri (at 1:30pm) in Toronto. You can register to attend on the Cambridge House website here in advance of the show.  Do say hello if you … Continue reading →

The table below shows that Italy’s monthly deficit is rapidly expanding from €2 billion/month in 1999 (prior to joining the EMU), to €9.5 billion/month over the last nine months. Let that one settle in: Italy is now borrowing nearly 10 … Continue reading →