Director | June 1, 2010
“The Treaties set out a ‘no bail-out’ clause, and the rules will be respected. This is crucial for guaranteeing the future of a monetary union among sovereign states with national budgets. Markets are deluding themselves if they think that the other member states will at a certain point dip their hands into their wallets to […]
Director | March 31, 2009
The U.S.-Communist China alliance broke apart in September of 2008 when China announced that its banks would no longer make loans to the United States. Reuters had a brief story on this announcement. Unfortunately the U.S.-China diplomacy from this point is shrouded in mystery, but we can infer a couple of points from subsequent actions.
Director | February 2, 2009
German Chancellor Angela Merkel announced at Davos that she was on board with Gordon Brown’s call for a new world financial order. Merkel appears to be retreating from her stance of panicked nationalism after the global market crash. Sounds downright cheerful about globalism now. Bad news for Germany. Vladimir Putin also pulled his punches in […]
