Category: Analysis

Brace for Austerity, Part II

Structural spending reform replaces today’s welfare state with basic but dignified benefits to those who by no fault of their own are unemployed.

Brace for Austerity, Part I

Reckless government spending is going to provoke more fiscal austerity in Europe. There is no right way to do austerity. Here is why.

French Elections: The Revenge of the Left?

The efforts of the Left and centre to keep Le Pen’s RN out of government would leave France in the rut of immigration, insecurity, and loss of self-confidence.

Euros & Dollars: A Risk Premium on U.S. Debt?

Euros & Dollars: A Risk Premium on U.S. Debt?

At the start of 2024, there was a trend break on the market for sovereign debt that suggests investors may be asking a risk premium to buy U.S. government debt.

April 26, 2024
Euros & Dollars: Joe Biden’s Greedy Marxist Tax Hikes

Euros & Dollars: Joe Biden’s Greedy Marxist Tax Hikes

Joe Biden wants the ‘rich’ to pay their ‘fair share,’ but he never defines what the ‘fair share’ means. There is an ominous reason for that.

April 25, 2024
Euros & Dollars: The Irony of Bulgaria’s Euro Entry

Euros & Dollars: The Irony of Bulgaria’s Euro Entry

Bulgaria is on the cusp of joining the euro but has not yet set a firm accession date. They would be wise in waiting to give up their own currency.

April 24, 2024
How Orbán and Morawiecki Could Build Europe’s New Populist Bloc

How Orbán and Morawiecki Could Build Europe’s New Populist Bloc

At the very least, the ECR and ID groups will need to work more closely together to counter the “federalist” forces in the European Parliament.

April 23, 2024
Euros & Dollars: What Is Happening to the U.S. Yield Curve?

Euros & Dollars: What Is Happening to the U.S. Yield Curve?

If this odd change in the yield curve continues, it will turn into an open vote of no confidence in U.S. government debt.

April 23, 2024
Is the French Right the Silliest in the World?

Is the French Right the Silliest in the World?

As in the endless disputes between brothers and sisters, we end up forgetting who started it and who said what.

April 20, 2024
Euros & Dollars: German Economy in Dire Straits

Euros & Dollars: German Economy in Dire Straits

What looks like a mild recession on the surface could turn into something much more serious.

April 19, 2024
Euros & Dollars: Making Sense of Euro Zone Inflation

Euros & Dollars: Making Sense of Euro Zone Inflation

Why is it so hard for the ECB to admit that inflation is a monetary phenomenon?

April 18, 2024
Euros & Dollars: Cost of U.S. Debt Keeps Rising

Euros & Dollars: Cost of U.S. Debt Keeps Rising

Buried in a pile of technical data are pieces of information that suggest investors are getting seriously worried about the growing pile of U.S. debt.

April 17, 2024
Euros & Dollars: Making Sense of U.S. Inflation

Euros & Dollars: Making Sense of U.S. Inflation

There are many pundits out there having opinions on inflation. But what do the latest figures really mean? Is inflation here to stay?

April 16, 2024
Euros & Dollars: Debating the Limits of the Free Market, Part II

Euros & Dollars: Debating the Limits of the Free Market, Part II

The problem in Europe and America is not that the free-market economy is too big. The problem is that the free-market economy is not big enough.

April 12, 2024
Euros & Dollars: Debating the Limits of the Free Market, Part I

Euros & Dollars: Debating the Limits of the Free Market, Part I

Three independent sources criticize the free-market system. Two of them are from the U.S. government. What is going on here?

April 11, 2024