Pony ponderings…

Have you ever overheard a small debate between children related to #economics? Some at theMarketSoul (c)1999 -2013 find themselves in Spain this weekend, relaxing with family and the following conversation between young siblings are worth repeating. In some bizarre way, it relates to labour economics and the minimum wage: We had just observed a single horse … Continue reading Pony ponderings…

The BIG Sovereign Debt Structure cliff – Part 1

In yesterday’s article, “Where will all the new money come from?” we concluded the brief analysis with the Sovereign Debt Maturity profiles (otherwise known as the Debt Structure) of both the USA and Italy, noting how similar the two profiles looked at first glance. Digging a bit deeper today, we would like to compare those … Continue reading The BIG Sovereign Debt Structure cliff – Part 1

A matter of CULTURE or PSYCHOLOGY in Europe?

Are the European and more specifically the Euro-zone problems purely a matter of cultural differences, engrained in generations of ‘Nation Staters’ or something deeper in each nation-people’s psychology?   It cannot purely be a difference of political ideology between the leaders and individual nations of Europe that has lead us to the brink of the … Continue reading A matter of CULTURE or PSYCHOLOGY in Europe?

Irony and Downgrade Anger

It is with a little amusement that we scanned through the Economic headlines today, following Standard & Poor’s decision to finally downgrade France’s and other Eurozone nation’s Sovereign Debt rating.  France lost its prestigious triple A (AAA) grade to AA+. Sarkozy and French anger?  Indeed! Off course the irony is that an “outsider market agency” … Continue reading Irony and Downgrade Anger

Our Lessons from 2011

  We decided to summarise our learning from 2011 into two brief thoughts:   The pains and strains of the economic sovereign debt melt-down in 2011, should stand us in good stead to deal with even more debt and sovereign strain in 2012, as More and Bigger Europe continue to miss the point; this being … Continue reading Our Lessons from 2011

More and Confused Europe? – Part 3 – It is Uncertain…

Continuing the conversation and analysis on the ‘fall-out’ of the British Veto being exercised at the most recent EU Leaders (crisis) summit, it is interesting to observe two specific angles to this: Innovation Our article on ‘Recapitalising Europe’ kicked off the discussion around Innovation. It appears that the leaders of Europe (a summary of Angela … Continue reading More and Confused Europe? – Part 3 – It is Uncertain…

The Big Design: Moral Hazard, and the EU

Irrespective of how the twists and turns of the Greek political system plays out over the next few days and weeks, we believe that the Big EU (Eurozone more specifically) players and their leaders only have themselves to blame for Greece's seemingly petulant behaviour. If at the fundamental level we cannot understand that ANY form … Continue reading The Big Design: Moral Hazard, and the EU

Do we value everything and understand nothing?

On reflection, the ‘mechanism’ established to rescue or save the Euro is indicative of the fact that we still understand very little and can control and short-circuit systems to some extent, yet we think we value everything. Inflation, and dare we state it openly, serious inflation of double-digit proportions must now surely be back on … Continue reading Do we value everything and understand nothing?

Frameworks, frameworks, frameworks…

Today (26 October 2011) is an important watershed date (or not) for Europe. Will our leaders and the politicians be able to agree an all encompassing Framework to rescue the Euro, or will we need to think about a more modular approach for the future? We believe that it might be in the Euro's short-term … Continue reading Frameworks, frameworks, frameworks…

Recapitalising Europe

Forget about recapitalising the French Banks, saving Greece, (or the Euro)…. Continuing our conversation on Innovation Yes, we admit it! The headline statement above is all about grabbing your attention.  We are not advocating any disorderly default crises. What we believe is that the ‘agricultural’ economic base and the semi-integration of Europe, via market and monetary … Continue reading Recapitalising Europe