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One after the other, all the major central banks of the world follow the regrettable example of the Fed and the ECB in reversing their efforts to contain the greed of the financial mammoths. The American central bank, the Fed, and the European Central Bank will continue feeding the giant financial conglomerates with $4.5 trillion […]
During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]
Last Thursday, 12 December, Mario Draghi, President of the European Central Bank, was forced to compromise with the Germans during the Governing Council’s regular meeting. He accepted to reduce the monthly injections of cash into the economy (through asset purchases of mainly government bonds) from €80 billion to €60bn, along the lines of the nonstandard […]
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