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It’s good having friends at the central bank

Tuesday, 17 June 2008 by Mike Gogulski
economics | Comments Off on It’s good having friends at the central bank

Someone walked away with a cool €13 million or so. Not bad for a day's trading. Another victory for the market? Certainly a victory for having the right connections to the masters of the currency universe. From The Guardian: Slovaks open probe ...

Random acts of war

Monday, 16 June 2008 by Mike Gogulski
war | Comments Off on Random acts of war

From The Washington Post: Britain, E.U. Plan Iran Sanctions 16 June 2008 British Prime Minister Gordon Brown on Monday announced plans for new sanctions against Iran and a small increase in troops for Afghanistan, handing President Bush a symbolic boost on the last ...

US has $99.2 trillion in unfunded liabilities

Friday, 30 May 2008 by Mike Gogulski
economics | Comments Off on US has $99.2 trillion in unfunded liabilities

From Lee Rogers at Intel Strike: The head of the Federal Reserve Bank of Dallas, Richard W. Fisher recently spoke in front of the Commonwealth Club of California. In his speech at the club, Fisher remarked that the unfunded liabilities from ...

Turning central bankers into flying ponies

Saturday, 17 May 2008 by Mike Gogulski
economics, mind control | 3 Comments »

Slovakia's adoption of the euro on 1 January 2009 has been more or less a foregone conclusion in the country for some years already. In an apparent effort to squelch any remaining euroskepticism among the warier segments of the Slovak population, ...

$95.6 million for a beer, the price of central banking in Zimbabwe

Thursday, 15 May 2008 by Mike Gogulski
economics | 1 Comment »

From the Independent Institute blog: [caption id="" align="alignnone" width="360" caption="Z$1.2 billion dinner check from Zimbabwe "][/caption] Ah, good old hyperinflation. Reminds me of a couple of old banknotes I keep lying around for fun: [caption id="" align="alignnone" width="300" caption="One hundred million billion pengő, ...

Police to Pursue Pricing

Wednesday, 14 May 2008 by Mike Gogulski
economics | 2 Comments »

Last week, Slovakia received its anticipated green light from the European Commission to adopt the euro. Speculation has been widespread in the country that joining the common currency will lead to increases in real consumer prices, as it has in ...
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