IIFT Daily Note with Peter Brown

David’s Daily Note

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Looking for price rises?

binocularsSummary

Still looking for higher bond yields
Could the EU imporove?
United States: Core inflation moves higher
Eurozone: Bank lending mixed!

Good morning,

Had a busy day yesterday here in Dublin appearing as a witness to help our Banking Inquiry get to the bottom of what went wrong in the Irish economy. Zero regulation is the answer. Banks do what banks do, which is lend as much as possible to make as much profit as possible to get as much cash into the mitts of the insiders as possible. That’s the deal.

This allowed me time to go back and read Kindelberger again, which is always a joy. Also, I took the opportunity to re-read JK Galbraith – a pleasure and time well spent.

Now what’s going in the rest of the world?

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Global Macro-Daily Note 27th February 2015

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