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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label Spain bailout. Show all posts
Showing posts with label Spain bailout. Show all posts
Tuesday, July 23, 2013

Social Security Funds as Government Milking Cow: Spain Edition

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I previously pointed out what seems as Ponzi financing scheme where the Spanish government has raided its pension reserve fund in order to...
Friday, April 05, 2013

Spanish Government’s Ponzi Financing Scheme

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More signs why the European debt crisis is far from being over. Spain’s pension fund has been loaded with debt from the Spanish governm...
Friday, June 29, 2012

Markets in Risk ON mode on Easing of EU’s Debt Crisis Rules

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It seems that global financial markets are in a RISK ON mode anew as EU officials come into an accord to ease debt rules. From Bloomberg ...
Sunday, June 17, 2012

Dealing with Today’s Uncertainty: Patience is the Better Part of Valor

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Highly volatile markets will be the outcome of today’s treacherous geopolitical conditions. That’s what I have been saying all along. Vola...
Tuesday, June 12, 2012

Why Spain’s Bailout may NOT Work

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Author and derivatives analyst Satyajit Das at the Minyanville.com has an insightful dissection of why Spain’s bailout will not likely succ...
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