• Estonia is also part of the Eurozone periphery 15 Aug 2011
• Has the Market Finally Gotten it on the Eurozone Periphery? 27 Oct 2010
• Fiddling while the Periphery Burns 28 Mar 2011

• Full Text: FRB Statement on Coordinated Central Bank Action on Currency Swaps 30 Nov 2011
• News Links: Central Banks Take Joint Action 30 Nov 2011
• Bank Holiday is Best Solution for Epidemic of Mortgage Fraud 15 Oct 2010

• If the Fed is looking to inflate away problems, what should Asia do? 10 Nov 2009

• On Fiscal Consolidation And Currency Devaluation At The G-20 And Other Links 24 Jun 2010
• Greece gets the green light, but will it all work? 6 Feb 2010
• Cultural attitudes on work, leisure and wealth in Europe and America 1 Jul 2009

• Rosenberg: Seven Investment Strategies For A Deflationary Environment 22 Sep 2010
• China: rebalancing through wage increases 15 May 2011
• Chart of the Day: Eurozone wage growth, pre-crisis 20 Sep 2011

• Herbert Hoover: 1930 Annual Message to the Congress on the State of the Union 14 Sep 2011
• News from 1930: Bank closings and stimulus packages 23 Dec 2009
• News from 17 November 1930: “we face a winter of hunger and distress” 17 Nov 2009

• Forget Inflation, debt deflation is the real threat 9 Jun 2008
• April U.S. retail sales: upside surprise? 11 May 2009
• Barring Upside Employment Surprise, Dollar May Fall 2 Jul 2010

• FOMC considered offering unlimited quantitative easing to target long-term interest rates 24 Nov 2010
• Market discipline for fiscal imprudence and the term structure of interest rates 17 May 2010
• Rosenberg: Sub-2% long term bond yields 30 Jun 2010

• Debt Problem Grave, But Solution Elusive 1 Apr 2011
• Steve Keen on a Double Dip and Private Debt 26 May 2011
• On private debt 18 Aug 2011

• Gold at record high, silver at 31-year high as inflation and negative real yields bite 15 Apr 2011
• Bill Gross on fiscal profligacy and dumping the negative real yields of treasuries 31 Mar 2011
• Morgan Stanley expects 10-year yields to rise 220 bps in 2010 20 Nov 2009

• Government coercion in the financial blogosphere 3 Jan 2010
• Bob Janjuah: In an era of the destruction of fiat money: Euro to parity, Gold to $1500 12 May 2010
• A Speech: “Chairman Greenspan: A Fiat Mind for a Fiat Age” 27 May 2010

• Notes from Private Briefing with BOJ 5 Apr 2011
• Notes on Japan 8 Mar 2011
• Lessons from Japan’s Bank Crisis 12 Aug 2008

• A brief look at the Asset-Based Economy at economic turns 7 Oct 2009
• Gundlach on another crisis: “How much currency do you have?” 31 May 2011
• Dilbert on the asset-based economy 4 Oct 2009

• Central banks will face a Scylla and Charybdis flation challenge for years 2 Jun 2009
• Bringing back the Scylla and Charybdis flation meme 5 Apr 2010
• Quantitative easing and inflation expectations 17 Dec 2009

• On the sovereign debt crisis and the debt servicing cost mentality 1 Dec 2009
• Credit deflation and the Japanese problem 16 Jun 2008
• The Problem With QE2 29 Oct 2010

• Random Shots 3 Oct 2010
• Random Shots – 2011 Musings Edition 14 Dec 2010
• Random Shots on Global Monetary Policy, Martin Wolf and Small Business Lending 2 Jun 2010

• Gross: Central Banks are Robbing Bond Holders and Fuelling Inflation 5 Feb 2011
• Could central banks cause a crash? 18 Jun 2008
• Rising Food Prices Likely To Push EM Central Banks Into Tightening 1 Oct 2010

• Deflation, Reflation, Inflation 26 Oct 2010
• Inflation or deflation? 30 Jun 2008
• The inflation-deflation debate 21 Jul 2008

• Rosenberg on the cause of the next secular uptrend in inflation or hyperinflationary shock 29 Jul 2010
• Ten Ideas That Would Turn David Rosenberg Bullish on the USA 24 Jan 2011
• Rosenberg: Stocks 35% overvalued 21 Apr 2010

• Inflation or Deflation: Peter Schiff versus Gary Shilling 7 Dec 2010
• Gary Shilling Says Yuan Move Is Risky 22 Jun 2010
• Shilling: “The Economy Really Doesn’t Have Much Gas Any More” 4 Aug 2010

• Gary Shilling Says Yuan Move Is Risky 22 Jun 2010
• Barron’s: an interview with Peter Schiff 29 Jun 2008
• Peter Schiff: they laughed at him, now he’s laughing back 14 Nov 2008

I have been in meetings with Very Serious Texas Politicians where secession was earnestly discussed 15 years ago. Do I think that could happen? No. The Fed will never choose hyperinflation, and I do not think you can find 60 Senators to decide that bailing out the states that let their own spending and taxes get out of control would be acceptable with their voters.

Now consider, if I have some pride in being Texan, with less than 200 years of history, proud as it is, what is it like to be Greek or Irish or French or German or any of the European mix? If you ask a European in that African bar where he is from, does he say Europe? No, he is from a country. (Unless he is Basque. Or Catalonian. Or Welsh.) One is not from Great Britain but from one of the diverse components of the UK. And a large number of Scots want out. Could Belgium split apart? Possibly.

• Ireland Budget Plan Likely Too Optimistic 24 Nov 2010
• Greece risks financial Armageddon while Ireland makes cuts 13 Dec 2009
• Ireland gets deflation 14 May 2009

• Fred Hickey: Gold starts secular bull, tech ends secular bear 12 Jan 2009
• Rosenberg on the cause of the next secular uptrend in inflation or hyperinflationary shock 29 Jul 2010
• DEFLATION! 22 Jul 2010

• Charts of the Day: The New Z.1 is Out! 21 Sep 2010
• Charts of the day: US macro disequilibria 17 Oct 2008
• What about inflation? 22 Jun 2009

• Inflation or deflation? 30 Jun 2008
• The inflation-deflation debate 21 Jul 2008
• The inflation – deflation debate redux 10 Aug 2008

• Chris Whalen critiques Obama stimulus speech 17 Feb 2009
• Foreclosure crisis much deeper than robo-signers 10 Oct 2010
• Roubini, Bremmer and Whalen: Fixing the Financial System and Double Dipping 8 Jul 2010

• Currency crisis is gathering storm 25 Oct 2008
• Ten lessons from financial crisis investors will soon forget 12 Nov 2009
• “Out-and-Out Currency War from All Sides” And Other Links 5 Oct 2010

• Forget Inflation, debt deflation is the real threat 9 Jun 2008
• Re-interpreting recession dating committee’s double-dip language for debt deflation dynamics 28 Jan 2010
• Credit deflation and the Japanese problem 16 Jun 2008

• The Federal Reserve is Not Going QEII Until After the Election 27 Sep 2010
• The Federal Reserve bails out AIG 16 Sep 2008
• Why the Federal Reserve wants to drain excess reserves 31 Dec 2009

• Why The World Is Headed For A Balance Sheet Recession 14 Apr 2010
• The psychology of economic forecasting 11 Jun 2009
• On Human Psychology and Other Links 18 Aug 2010

• Quantitative easing: printing money like mad to ward off deflation 30 Nov 2008
• DEFLATION! 22 Jul 2010
• Deflation has already arrived 21 Jun 2008