Pimco Gross Investment Outlook January "2012 Paranormal This process of delevering has consistently been a part of PIMCO’s secular thesis but “implosion” and “bimodal fat tailed” outcomes are New Age and very “2012ish.” Perhaps the first observation to be made is that most developed economies have not, in fact, delevered since 2008. Certain portions of them – yes: U.S. and Euroland households; southern peripheral Euroland countries. But credit as a whole remains resilient or at least static because of a multitude of quantitative easings (QEs) in the U.S., U.K., and Japan. Now it seems a gigantic tidal wave of QE is being generated in Euroland, thinly disguised as an LTRO (three-year long term refinancing operation) which in effect can and will be used by banks to support sovereign bond issuance. Amazingly, Italian banks are now issuing state guaranteed paper to obtain funds from the European Central Bank (ECB) and then reinvesting the proceeds into Italian bonds, which is QE by any definition and near Ponzi by another."
Pedro Paez Perez, member of the Stiglitz Commission on the global financial and economic crisis, highlights recommendations for a new reserve currency, regional macroeconomic coordination, and reorientation of trade goals toward stimulating employment and international cooperation. July/August 2009. Pedro Paez Pérez was the Ecuadorian Minister of Economic Co-ordination in President Correa’s government between October 2007 and December 2008
Början av december, 2010. "På EU:s toppmöte den 28 oktober uppges Tysklands förbundskansler Angela Merkel ha flaggat för att Tyskland har börjat fundera på att överge EMU. ”Om det här är den klubb som euron verkar utvecklas till kanske Tyskland borde dra
By Andrew Trotman, Telegraph 10 Feb 2011 (250 Comments) “Global imbalances are back, with issues that worried us before the crisis - large and volatile capital flows, exchange rate pressures, rapidly growing excess reserves - on the front burner once agai
Utlåtande om Hirvonen, Lith & Waldens utredning " Suomen kansainvälistyvä harmaa talous" (EDUSKUNNAN TARKASTUSVALIOKUNNAN JULKAISU 1/2010). "I Finansministeriets publikation 32/2010 behandlas frågan om en utvidgning av flerstegsmodellen för värdepappersf