Chris Martenson - Information on the global economy, environment, and our energy challenges. Real estate, oil, community, homes, money. - Chris Martenson, ChrisMartenson.com. Economic Musings. CARPE DIEM. The Bonddad Blog. Pragmatic Capitalism. Calculated Risk. Global Macro Monitor. Abnormal Returns. Mish's Global Economic Trend Analysis. Buttonwood's notebook. Eurozone Crisis: In the Eye of the Storm.
The Eurozone crisis has been in retreat since the introduction of the European Central Bank’s (ECB) three-year long-term refinancing operations (LTROs) in late December 2011.
At the European Council Meeting in early March, journalists who cover the crisis fretted that boredom loomed. The current lull does not indicate that the Eurozone is in the clear, but rather it is simply in the eye of the storm, and more drama inevitably awaits. Felix Salmon. Never mind Michael Lewis.
The most interesting and provocative thing to be written of late about financial innovation in general, and high-frequency trading in particular, comes from Joe Stiglitz. The Nobel prize-winning economist delivered a wonderful and fascinating speech at the Atlanta Fed’s 2014 Financial Markets Conference today; here’s a shorter version of what Stiglitz is saying. Markets can be — and usually are — too active, and too volatile. This is an idea which goes back to Keynes, if not earlier. The Big Picture. ZeroHedge.