ALL BLOG POSTS
Exactly one year ago today I was with the family in the Christensen vacation home in Skåne (Southern Sweden) and posted a blog post titled The Euro - A Monetary Strangulation Mechanism. I wrote that post partly out of frustration that the crisis in the euro once again had re-escalated as Greece fell deeply into political crisis.
Today I was interviewed by a Danish journalist about the Italian banking crisis (read the interview here). He asked me a very good question that I think is highly relevant for understanding not only the Italian banking crisis, but the Great Recession in general.
A very good friend of mine asked me what the ECB should do in the present situation where inflation and inflation expectations continues to run well-below the ECB's inflation target.
Back in April I wrote this:
While I do not want to overestimate the effects of Brexit on the UK economy it is clear that last week's Brexit vote has significantly increased "regime uncertainty" in the UK.
It rarely happens, but sometimes Scott Sumner and I disagree and that is the case presently.
Brexit is on everybody’s mind and even before the – for the markets – surprising “Leave” vote on Thursday the British EU referendum was the dominating theme in the markets for awhile. When the news came out early Friday morning, the global financial markets reacted strongly.
The Federal Reserve just released the following statement: