U.S. Officially Entered Recession in February
The NBER has determined that a peak in monthly economic activity occurred in the U.S. economy in February 2020, ending…
This Time It Really Is Different!
In an interview with Bloomberg Markets, Carmen Reinhart and Kenneth Rogoff make some convincing arguments why they believe that the…
Round two, the ECJ comes out fighting!
In a rare and strongly-worded statement, in reaction to the German Constitutional Courts ruling, the ECJ affirmed its sole “jurisdiction…
German Court Decision Threatens to Upend the EU Legal System!
The German constitutional courts decision to set aside the ECJ's 2018 decision has enormous implications for the principle of primacy…
The Big Short 2.0
Like most Big Trades, the fundamental rules remain the same! Liquidity, timing & luck! As John Maynard Keynes allegedly said,…
ECB to Accept Junk Bonds as Collateral
The move is widely seen as the ECB taking a pre-emptive move before the rating agencies start to downgrade European…