S&P 500 Index (1929-2011)

October 31, 2011

Click here. On a tangential note, the late Angus Maddison is a renowned economic historian.

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Way out of the debt crisis (Euro-English)

October 30, 2011

Here’s the link to the relevant press release of the European council. “Way out” probably translates (from Euro-English) to “The way out”… Not having really paid  attention to the existence of the council, I wondered : why not the European commission? My concern was assuaged : both presidents are pictured in the photo op

Trivialities aside, experts on the matter are at best lukewarm in sharing the optimism of the title although markets seemed to have welcomed it rather well. While they sort out the details in the coming days, let’s review why the Euro has so much trouble picking itself up. Read the rest of this entry »