Friday, 2 September 2011

Two Articles on the Global Economy

I wanted to bring to our friends' attention two excellent summaries of the current situation at the global level (geopolitical and eoeconomic): one from James Mackintosh that explains how the US Fed's QE is really a manoeuvre to lower the US dollar - something on which we have insisted here for months:
http://www.ft.com/intl/cms/s/0/1bb7e986-d56e-11e0-bd7e-00144feab49a.html#axzz1WlUtT9mvt

The other is by Alan Beattie, also at the FT, who is usually quite valuable, and does not disappoint with this very rapid, but accurate review of the paralysis of the European elites:
http://www.ft.com/intl/cms/s/0/2fce855c-d487-11e0-a42b-00144feab49a.html#axzz1WlUtT9mv

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