Notes From Underground: A Little Austerity Goes a Long Way
The new autocratic regime in Italy has agreed to a ramped up AUSTERITY BUDGET in which an extra 30 BILLION EUROS will have to be found and then cut from the public arena. Being that Mario Monti was the...
View ArticleNotes From Underground: Has The FAT LADY BEGUN TO SING OR WAS THIS THE...
The loser in Brussels was … FRANCE. The markets were giddy as they drank deep from the KOOL AID spring of separating BANK AND SOVEREIGN SOLVENCY … did this really occur? It is far too early to tell....
View ArticleNotes From Underground: It’s Europe Again- The Tour de France; the British...
All eyes are on Europe: And I am not talking about the wide, wide world of sports. It seems that the European financial situation has “worsened” as the Spanish yields exploded on Friday sending the...
View ArticleNotes From Underground: Ok, Notes From Underground, Where 2+2=5
For the almost three years that NOTES has been published, I tried to make it clear why the subtext of NFU was that 2+2=5. The idea of the math being so obviously incorrect was a direct reference from...
View ArticleNotes From Underground: When Will We See The Full Monti?
Mario Monti upset the Italian credit markets as he announced his early resignation over the weekend. In an apparent fit of rage after Silvio Berlusconi (aka Captain Viagra) pulled his political support...
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