I like this guy even if he writes for a liberal paper. Perhaps they keep him on as a token of common sense in a world gone crazy.
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There’s the story behind the story. Rich Russians have stashed billions in Cyprus. They want to get it out. A bank holiday gives them time to do so.
My sarcasm here scarcely hides my anger and contempt for these thugs.
In an audacious move – “de l’audace, encore de l’audace, et toujours de l’audace” – an unelected and unaccountable cabal has dictated the terms of its loan to bail out Cyprus: loss of the country’s sovereignty.
Chuck Hagel has been carefully groomed for this position. A few malcontent Republicans in the Senate aren’t likely to derail his confirmation.
When the government says he can no longer sell carrots, he could always sell tomatoes.
There are moments of clarity, when things all of a sudden come into focus. This is one of them.
These folks are way too optimistic. There won’t be any true or complete economic recovery until government gets out of the way.
It’s a game, a charade. Even if the central bank’s president lies through his teeth, his audience believes him anyway. Is there no one there to exclaim: “The emperor is naked!”?
Mario Draghi. Who? According to Matthew Lynn, writing at MarketWatch.com, “measured by what [he] can actually do, the most powerful person will soon be the president of the European Central Bank, the Italian banker Mario Draghi.” He explains: In the last few weeks, we have seen an extraordinary expansion of the European Central Bank’s powers. It can [...]