Davos Newbies (Free subscription) | 04/22/2008
Wolfgang Münchau delivers a wonderful economist's analogy: The modern equivalent to “let them eat cake” is: “Core inflation is well contained.” It's in the service of making important points about the effects of inflation on the poor.
OTB News (Free subscription) | 05/11/2008
Institutions matter. They create their own agendas. Nobody knows this better than the Commission itself, writes Wolfgang Münchau Share This
Financial Time (Free subscription) | 05/11/2008
Institutions matter. They create their own agendas. Nobody knows this better than the Commission itself, writes Wolfgang Münchau
OTB News (Free subscription) | 05/04/2008
Without an improvement in productivity growth, I cannot see how Italy can prosper in the eurozone or reduce its public debt, says Wolfgang Münchau Share This
Financial Time (Free subscription) | 05/04/2008
Without an improvement in productivity growth, I cannot see how Italy can prosper in the eurozone or reduce its public debt, says Wolfgang Münchau
Macro and Other Market Musings (Free subscription) | 04/29/2008
Wolfgang Munchau tells us that the unwinding of global economic imbalances may take many years.Global Adjustment Will be Long and Painful ...It is no accident that our multiple crises – property, credit, banking, food and commodities – have been happening at the same time. The simple reason is that they are all part of same overriding narrative. The mother of all these crises is global...
OTB News (Free subscription) | 04/27/2008
Multiple crises could easily return like a bloodstained villain in a horror movie who rises to fight his last battle, writes Wolfgang Münchau Share This
European Tribune (Free subscription) | 04/28/2008
A crater maybe? Wolfgang Munchau writing in the FT today, is happy to say that...
Financial Time (Free subscription) | 04/27/2008
Multiple crises could easily return like a bloodstained villain in a horror movie who rises to fight his last battle, writes Wolfgang Münchau
Seeking Alpha (Free subscription) | 04/23/2008
Felix Salmon submits: Add Wolfgang Münchau to the list of inflation hawks. If the Fed ignores inflation while putting out more urgent fires in the financial markets, he says, "the US bond market would implode, the current account deficit would become impossible to finance, the dollar would collapse, inflation would rise even more and the Federal Reserve would have to raise interest rates...
Market Movers (Free subscription) | 04/23/2008
Add Wolfgang Münchau to the list of inflation hawks. If the Fed ignores inflation while putting out more urgent fires in the financial markets, he says, "the US bond market would implode, the current account deficit would become impossible to finance, the dollar would collapse, inflation would rise even more and the Federal Reserve would have to raise interest rates to high single digits...
Economist's View (Free subscription) | 04/20/2008
Wolfgang Münchau says monetary policy shows "contempt for the poor": The princess’s cake gets an added crunch, by Wolfgang Münchau, Commentary, Financial Times: “I remembered the way out suggested by a great princess when told that the peasants had no...
naked capitalism (Free subscription) | 04/24/2008
In a post at the Telegraph, Ambrose Evans-Pritchard reviews the case for why the credit markets might be on the mend and finds it wanting. While some of his arguments are familiar, the part I found interesting was his belief (contrary to Wolfgang Munchau at the Financial Times' piece " Pessimism about the eurozone is misplace d") that neither Europe's banks nor its economy will fare well:...
Free Exchange (Free subscription) | 04/21/2008
AT THE Financial Times , Wolfgang Münchau has called Ben Bernanke this generation's Marie Antoinette. Chiding the Federal Reserve for its inattention to inflation, he writes: Since poorer people spend a higher proportion of income on food and petrol than middle-class people, the inflation rise hits them hard. Higher inflation is the transfer of wealth from the poor to the middle classes....
naked capitalism (Free subscription) | 04/21/2008
OK, that isn't what Wolfgang Munchau said in his Financial Times article today. His piece, "The princess’s cake gets an added crunch," starts with the theory that inflation and our asset bubbles were ultimately monetary phenomena. While the rest of Munchau's piece, which focuses on why we should be worried about inflation, is useful, I wish he had spent more time on the discussion...
