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The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here.
The Financial Times carried a story in the weekend edition quoting a couple analysts suggesting that the 10-year bond differentials are helping drive the euro lower.  In our analysis, we [...]

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The Wall Street Journal is reporting that a plan to bail out Greece to the tune of $41 billion is now being formulated by Germany and France. It might seem as if a bailout is inevitable and that the terms of such a bailout are the only things now being negotiated between EU members. However, [...]

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This post was originally published at A Fistful of Euros.
“Doom-mongers” – the Economist tells us – “are licking their wounds”. And why exactly are they licking their wounds? Well for two years now (apparently) they have been telling us that “the struggle to save the lat’s peg to the euro was bound to end in [...]

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This post originally appeared at Alpha.Sources.
It is a well known dictum in the context of economic analysis that you have to distinguish between stocks and flows and how focus on one in stead of the other lead to misguided analysis. It is the same with growth and levels with the former defined as the growth [...]

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How Paul Krugman found politics : The New Yorker
Morgan Stanley – Richard Berner – We Can’t Inflate Our Way Out
Recession hits older blacks in what should be their prime | McClatchy
Greece should try a fiscal devaluation, not holiday from the Eurozone | vox
How to destroy the Eurozone: Feldstein’s euro-holiday idea | vox
Underemployed Report Spending 36% [...]

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This post originally appeared at Global Economy Matters.
The Eurozone’s current problems are not mainly a result a of profligate and reckless spending of government resources in the Eurozone periphery [1]. Even Nobel laureate Paul Krugman has begun to forcefully push this argument arguing that the real source of the malaise is the steady build up [...]

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I will be away all week, so I will have a number of guest contributions in that time. Here is a great one from John Mauldin, who I frequently publish.  At the bottom is a blurb on how to subscribe to his newsletter.  It is worth it.
Edward
P.S. – Note the ode  in this post [...]

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This is a post by Edward Hugh, who also blogs at Global Economy Matters.

“If you don’t fully understand an instrument, don’t buy it.”
To the above advice from Emilio Botín, Executive Chairman of Spain’s Grupo Santander, I would simply add one small rider: Don’t sell it either, especially if you are a national government trying to [...]

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Edward Hugh here.
Well, I may say there were no surprises, but in fact the Greek economy contracted more than many observers expected in the fourth quarter, while downward revisions to the rest of 2009 converted the present recession into the country’s worst since 1987. Evidently the latest numbers offer the first warning that all may [...]

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Claus Vistesen here with a first post on Credit Writedowns.
GDP releases are, by their very nature, lagging indicators and thus do not tell us a whole lot about the current momentum in an economy. Moreover, the immediate focus of attention in the Eurozone remains, and rightly so, the situation in Greece (and Spain), and what [...]