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Microsoft Word - 03-15-2012 - EOTM - What a diff'rence a day makes.docx
ich has allowed the private sector to get moving again in the US, or at least in the case of Europe, to stop declining. Markets love it. Is the ECB’s Mario Draghi a genius? Only time will tell. The last time the term Maestro got thrown around, it was a case of premature exaltation. The latest from Europe: my h
Page: HOUSE_OVERSIGHT_024133 →™ undexd -05 875 90 -0.6 775 -0.7 675 -3% 2008 2009 2010 2011 2012 2005 2006 2007 2008 2009 2010 2011 Source: Citigroup, Bloomberg. Source: Eurostat, Bundesbank. After four years that challenge some of the basic assumptions of efficient markets and laissez-faire capitalism, there is a pent-up demand for norm
Page: HOUSE_OVERSIGHT_024133 →ch has allowed the private sector to get moving again in the US, or at least in the case of Europe, to stop declining. Markets love it. Is the ECB's Mario Draghi a genius? Only time will tell. The last time the term Maestro got thrown around, it was a case of premature exaltation. The latest from Europe: my
Unfortunately, the ECB can't create jobs Employment percent change, O0O, saar 3% .3% 2005 2006 2007 2008 2009 2010 2011 Source: EurostaL Bundesbank. After four years that challenge some of the basic assumptions of efficient markets and laissez-faire capitalism, there is a pent-up demand for nor
countries' government bonds — over the objections of a lone dissenter: Bundesbank President Jens Weidmann. And the undertaker was not ECB President Mario Draghi; it was German Chancellor Angela Merkel. The Bundesbank did not fall victim to a sinister southern European conspiracy; rather, it rendered itsel
ing by the European Central Bank; refusal to support mutual liability for debt; and, finally, the transformation of the ECB from a copy of the old Bundesbank into a European Federal Reserve Bank based on the Anglo-Saxon model. What remains is the rejection of Eurobonds, but that, too, will ultimately di
countries' government bonds — over the objections of a lone dissenter: Bundesbank President Jens Weidmann. And the undertaker was not ECB President Mario Draghi; it was German Chancellor Angela Merkel. The Bundesbank did not fall victim to a sinister southern European conspiracy; rather, it rendered itself
opean Central Bank; refusal to support EFTA00711886 mutual liability for debt; and, finally, the transformation of the ECB from a copy of the old Bundesbank into a European Federal Reserve Bank based on the Anglo-Saxon model. What remains is the rejection of Eurobonds, but that, too, will ultimately di
Entities connected to both Mario Draghi and Bundesbank

Angela Merkel
PERSON
Barack Obama
PERSON
United States
LOCATION
JPMorgan Chase
ORGANIZATIONMichael Cembalest
PERSON
Bill Clinton
PERSON
Lebanon
LOCATION
Bloomberg L.P.
ORGANIZATION
Marc Rich
PERSON
Michael Jackson
PERSON
Hillary Clinton
PERSONthe European Central Bank
ORGANIZATION
Jeffrey Epstein
PERSON
George W. Bush
PERSON
Tunisia
LOCATION
United Kingdom
LOCATION
New Zealand
LOCATION
Ronald Reagan
PERSON
Benjamin Netanyahu
PERSON
Empirical Research Partners
ORGANIZATION