Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Friday, November 4, 2011

The Domino Effect





An excellent summary of the way the interconnections in Europe make it far more than just a Greek problem.

But finally the ECB starts behaving like a real central bank, and cuts rates.  Not be enough, and too slow, but better late than never.

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