Posts by: David McCabe

A serious question, Fellow Reckoner: Would you, if given the choice, be alive at any other time? We’ll get back to that in a second. First, our regular beat… Markets went precisely nowhere yesterday. It was as if everyone agreed to stay home…or go fishing…or to become reacquainted with that strange person living in their…Read more…

Get out your chopsticks! Brush up on your sushi! Learn to read backwards and upside down! Yes…we’re going to Japan! The gist of the Japanese situation is this: The bubble burst in 1990. But rather than let their big businesses go belly up, the Japanese used every trick in the book. Counter-cyclical deficits up the…Read more…

As Chuck wrote yesterday, the markets were feeling confident that an agreement on a second financing accord for Greece was going to be finalized yesterday. The euro (EUR) continued to rally on the news through most of the day, but the talks stumbled over the issue of pension cuts, and EU/IMF officials had to give…Read more…