And…It’s Gone
Just a few hours ago, amid the reports of fighting in and around the Baiji refinery in northern Iraq, there were plenty of assurances that the main Iraqi forces were in complete
Off the Cuff: Vacuum of Leadership
In this week's Off the Cuff podcast, Chris and Mish discuss: Raising taxes until morale improves Europe's misguided approach to its woes Tough medicine for underfunded pensions Detroit bankruptcy may be a
Alasdair Macleod: Europe is a Hot Mess
It's almost August, the month everyone in Europe takes off on holiday to forget their troubles. This year may be different, though, as not only can many not afford a vacation, but
Where Will the Minsky Moment Occur?
Executive Summary Spain: after tens of €billions in bailouts, its banks still need more Germany: its largest banks are ridiculously levered France: its banks are deteriorating fast with the sinking
Europe’s Precarious Banks Will Determine the Future
Crying Wolf? It is easy to get the impression that the naysayers are wrong about Europe. After all of the predictions of Armageddon, ten-year government bond yields for Spain and
