Anglonoise

Another Italian leader irremediably lost in transition. Overnight.

There is a simple point about legalizing marijuana that seems not to have made it into the debate.

While attention is focused on the domino effect in the Southern Shore of the Mediterranean Sea, another domino piece in a different game is about to fall on the Northern Shore. At yesterday's auction…

We received and gladly publish this analysis, from a reader whose identity, for obvious reason, we will keep anonymous.

To avoid overpaying the toxic assets the plan should ask the bank managers to contribute, alongside the FDIC and the Fed, to the debt financing of private investors. To reduce the risks for the…

The new plan to rescue banks, as described by the New York Times, looks a lot like all the older plans. The basic idea seems to be always the same: overpay the toxic assets using taxpayers' money.

It has been widely claimed that one of the main reasons of the current troubles in the banking sector is the inability to properly price some assets, in particular Mortgage Backed Assets. The managers…

Why is former Fed Chairman Alan Greenspan as wrong as it gets in his analysis of the causes of the recent US asset (not just real estate, asset(s)) bubble?

Yup, that's Paul Krugman. It must be a mistake, I know, but Paul Krugman seems to have understood what his long-time friend and "multiplier co-supporter" Bradford De Long could not understand last…

The GW Bush is the last (next to last?) version of the oldest trick in politics: exploit random events to scare people into accepting some extreme version of your agenda they would have never accepted…