ALL BLOG POSTS
I started writing this post on Monday, but I have had an insanely busy week - mostly because of the continued sharp drop in oil prices and the impact of that on particularly the Russian rouble. But now I will try to finalize the post - it is after on a directly related topic to what I have focused on all week - in fact for most of 2014.
This is from Bloomberg:
Today revised US GDP numbers for Q3 were released. While most commentators focused on the better than expected real GDP numbers I am on the other hand mostly impressed by just how stable the development in nominal GDP is. Just take a look at the graph below.
I have never been particularly interested in genealogy, however, that has changed after my dad recently sent me a picture of Sven Persson. Sven Persson was my great-great grandfather.
Brad DeLong has suggested that we rename the Great Recession the GreatER Depression in Europe as the crisis in terms of real GDP lose now is bigger in Europe than it was it during the Great Depression.
Benito Mussolini is known for having been a horrible warmongering fascist dictator. However, he was also responsible for a major failed monetary experiment - the so-called Battle of the Lira.
This is from the Telegraph:
Big news out of Moscow today - not about the renewed escalation of military fighting in Eastern Ukraine, but rather about Russian monetary policy. Hence, today the Russian central bank (CBR) under the leadership of Elvira Nabiullina effectively let the ruble float freely.
Today it is 25 years ago the Berlin Wall came down. It has become the symbol of the end of communism and is surely something which should be celebrated.