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.

Tuesday, April 17, 2012

Insane in Spain

Paul Krugman's piece about the renewed Euro crisis.

He's right.  The ECB is repeating the mistakes of the 30s: tightening when the economy is perilously close to deflation.

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