INSIDE THIS ISSUE:
The world appears locked into the misguided belief that economic prosperity can be achieved by encouraging speculation and by distorting the set of investment opportunities through government interventionism. Enormous fiscal and monetary concessions, extended to financial markets and the banking system over the last three years, have failed to deliver the expected results. Policy makers are postponing indefinitely the “day of reckoning” and continue to “rescue” bondholders through ... ... Read more
In this special #200 issue, I shall offer you below the full text of a speech I gave, in Montevideo (August 18, 2011), at the “XXVI Jornadas Anuales de Economía” of Banco Central del Uruguay (www.bcu.gub.uy). The roundtable focused on “Debt and Fiscal Problems in the North”. ... Read more
Tables:
- MARKETS AT A GLANCE - Close as of August 26, 2011
- U.S. FIXED-INCOME MARKET AT A GLANCE - Close as of August 26, 2011
- COMMODITIES AT A GLANCE - Close as of August 26, 2011
- PULSE OF THE U.S. ECONOMY - As a Guidance for Other Geographies
- CURRENCIES AT A GLANCE - Close as of August 26, 2011
- MONETARY POLICY-MAKING AROUND THE WORLD - The Leading Seven ...
- ... and the BRICs ...
Charts:
- U.S. Treasury Yields -- 10year Constant Maturity -- 2006-2011
- U.S. Treasury Yields -- 30year Constant Maturity -- 2006-2011
- U.S. Treasury Yield Curve
- Real U.S. Treasury Yield Curve
- U.S. M1 Money Supply -- 1990-2011
- GOLD London Fix -- Bollinger Bands -- 2009-2011
- GOLD -- Average 1-month unannualized percent change for all years -- 1968-2010
- Dow Jones Industrial Average -- Average 1-month percent change for all years -- 1885-2010
- U.S. Market Capitalization as a Percentage of Nominal GDP -- 1925-2011
- Historical Transitions
- Currency Unions in History
- Is the EURO a Reserve Currency? USD and EUR compared
- EUROPE's Milestones -- 1948 to present -- Part 1
- EUROPE's Milestones -- 1948 to present -- Part 2
- CRISIS ... according to Albert EINSTEIN
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