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Let me answer with a question: did the Bundesbank get it back in 2004-2008 when monetary aggregates were growing at 10%/year and even the last loser on the internet was screaming "M3 is exploding, what's happening!?" ?

buzzy, I agree with you, we all know the theory, the reverse minsky journey, and so on, but: I have been saying for years that the lesser evil is a lost decade trying to backstop what is possible, in japanese style but on a planetary scale. CB+fractional reserve system is not a free market, at...

oh sorry, not "buying", I meant "investing in" :D German firms checking out investments in Greece By Vangelis Mandravelis German investors are reportedly interested in three main areas here in Greece: energy, airports and minerals. German Economy Minister Philipp Roesler is expected...

It's wrong blaming Trichet, the culprit is the Bundesbank: they look only one way not knowing the meaning of the word "deflation", may be after Weimar they abolished it. Now that the maroon chief Jurgen Stark has just resigned, let's hope the Bundesbank shut the f*** up and let the ECB do...

banking stress test, LOL :D one or two months ago I read about it, it seems they cheated a lot, but wait until the Financial Times "discovers" german banks are worse than french and italian :D

really ? :D September 21, 2011 8:02 pm Moody’s upgrades ratings on repackaged loans http://www.ft.com/cms/s/0/287e8982-e436-11e0-b4e9-00144feabdc0.html a month earlier: August 24, 2011 6:20 pm S&P forecasts jump in CLO defaults...

After 3 pages of wrong answers, I will point you in the right direction. Germany is an exporter and has the devalued euro thanks to the PIGS. Germany gained 50-60 billion because of the euro, without it and with the old Dmark they would be in a recession. Source: german state bank KFW...

could you kindly remind me what's UK rating ? :D

I knew it ! I knew we can't trust italians, greeks and such, the club med cook their books, the germans are gonna pay for.... oh wait, did you say UK ? :D

Are you sure this ins't now a myth ? Our Mercedes has just spent the weekend at the repair shop. A friend's BMW leaks water, has weird problems, like FIATs had 20 years ago, but with the difference that german spare parts are much more expensive.

In my very humble opinion, not the elite, but that's what the german bankers and the german politicians want.

LOL, just last week I was writing about the same thing on this forum... now it's Bini Smaghi... does he read my posts or is it now so obvious that the Bundesbank is a bunch of incompetent guys ? :D Enjoy ... "So I regard many of the criticisms of the ECB to be the result of inadequate...

this is remarkable: http://ftalphaville.ft.com/blog/2011/09/13/675811/zut-alors-french-bank-sell-off-part-deux/ Hang on a minute. How can formally deny a statement attributed to an anonymous source? “If you have to prove you are worthy of credit, your credit is already gone.”...

AFAIK it's just as simple as borrowing dollars from ECB, which in turn borrows from the FED. no, admit it ! you are an antiamerican pro-euro communist ! :D

But going back to subject, China helping Italy: that was a lie made up by the Financial Times. So the question for you is: will you ever stop believing the bullshit pushed by english newspapers ?

It might be interesting to know what would Rommel think about the italians that buy BMW, Audi, Mercedes and other german stuff. On the other hand, let's hope that the italians in the process of buying a new car do not remind Rommel's ideas :D

ECB chief economist , german, steps down in a row over the ECB's bond-buying programme, replaced by deputy Finance Minister Joerg Asmussen, you read the news. Given ECB and german "experts" poor track record, IMHO it's a very good thing for ECB and Europe. Opinions ?

These politicians are so smart :D http://www.expatica.com/de/news/german-news/lower-the-flags-of-eu-deficit-breakers-eu-official-suggests_174324.html Lower the flags of EU deficit breakers: EU official suggests A European Commission official suggested Friday that the flags of EU...

Greece Govt Bond 1Year Yield (GGGB1YR:IND) http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND The rates are comprised of Generic EUR Greece government bonds. The underlying benchmark bonds are located under {YCGT0156 <Index> DES<GO>} 2<GO> for 'Members'. These yields are based on the bid...

? ? The Bundesbank didn't complain during the past years when M3 was exploding, growing 10%/year and people and businesses were getting deeper in debt, and german banks were busy profiting from it. They didn't complain when a housing bubble was spreading in Europe, because Germany was...