Resources
David Kotok: “Vladimir Putin, Teddy Roosevelt, the GIC & me on a Baltic Non-vacation”
We left the Baltic region Friday morning concerned for the security of the EU. We suspect the Russians have a trifurcated strategy: (1) They will use the energy card (electricity, oil and gas production, pipelines, and the power grid) to project their power on the EU and NATO member states. (2) They will use their [...]
Read moreOutlook for Energy Consumption in the Czech Republic in the Context of the Convergence Process
Read moreJohn Silvia – “Subprime Credit: The Evolution of a Market”
America’s latest credit cycle, subprime mortgage lending, is not, contrary to popular commentary, a unique experience.
Read morePaul McCulley – “The Paradox of Deleveraging”
Conventional wisdom holds that when an economy faces a paradox of private thrift, it is appropriate for the sovereign to go the other way, borrowing money to spend directly or to cut taxes, taking up the aggregate demand slack.
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