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Reflections from an Austrian observer
Last week we had suggested that the strength of the Euro (by strength, we mean a Euro above $1,30) could be based on the fact that the liquidity lines extended by the European Central Bank were...
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We’re getting closer…
As Easter approached, we began to see a timid sell off in US stocks (but not so timid in Europe or Canada), in corporate debt, and in Treasuries. Treasuries later in the week rallied, but if you ask,...
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The age of circular reasoning
Click here to read this article in pdf format: July 23 2012 We have not written for the past two weeks. We were vacationing but at the same time, nothing really changed a single dot of the macro...
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An Austrian view on High Frequency Trading
Click here to read this article in pdf format: August 12 2012 In our last letter, we made some comments on high-frequency trading. Today, we want to briefly analyse, from a macroeconomic perspective,...
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