A report on my bizarre Twitter mauling at the hands of none other than Nassim Nicholas Taleb.
My latest thoughts: Is Draghi really going to save the euro after this week’s events.
I’ve updated my TARGET2 paper. Here is a post with a link to the new paper and a discussion relating to a potential exit of Cyprus from the euro.
A post about the disappearance of IBRC’s equity that occurred via the promissory note bond swap.
A new post giving somewhat positive assessment of last night’s Eurogroup announcement on banking union.
Some thoughts on today’s FOMC announcement and the contrast it represents to the ECB’s approach to monetary policy.
Lots of people I’ve spoken with about the dreaded Anglo promissory notes are mystified at why the Irish government seems willing to replace the notes with a 40-year bond. Isn’t it just replacing one kind of debt with another? Won’t we just end up paying more over the long-run? Here‘s a post where I try to answer these questions. Warning: This is a tricky topic and it’s an unusually wonkish post.