The Short End of the Long View

Central European Bonds: The latest twist on the European bailout comes from a move reported recently, whereby there will be a centralized issuance of Euro bonds backed by the 17-member Euro states. This is one step closer to fiscal union, but there may be some legal hurdles. Details are still sketchy (as are most promulgations [...]

ITALY: As I indicated in my last post, this would be the next lightning rod. Berlusconi is the second major casualty on the political front, but he surely will not be the last. In America we are used to cranking up the money printing presses when a financial crisis is underway. We have the playbook [...]

Halloween is upon us ? that season for trick-or-treat, the supernatural, the study of the occult, and the like. It was just before Halloween in 1991 that the perfect storm struck here in the Northeast. As of this writing, record breaking snow (for October) is hitting parts of the Northeast, while foliage is still in [...]

After talking up expectations of a strategic fix for this weekend, Dr. Merkel is now deflating the expectations balloon, tipping off the market that this could last well into 2012. Clearly there is disagreement in direction between France and Germany (as has been the case for much of the crisis). The banks are also pushing [...]

Many tributes have come forth with the untimely passing of Steve Jobs, the visionary behind the digital revolution at Apple. Some have compared his contribution to the likes of Thomas A. Edison. I think it is greater. Jobs created new markets that did not exist except as a vision in his mind. He made Apple [...]