ECB, OMT: Nuances and Fireflies September 8, 2012 David R. Kotok Outright Monetary Transactions (OMT) is the name of the newest program launched by the European Central Bank (ECB). If you haven’t read about it, if you don’t care about it, don’t waste any more time reading this commentary. Nuance 1. The [...]
ECB, OMT: Nuances and Fireflies
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September 8, 2012 By Leave a Comment
Labor Day Report from Leen’s Lodge
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September 5, 2012 By Leave a Comment
Labor Day Report from Leen’s lodge in Grand lake Stream, Maine Chatham House Rule says we cannot name the asset…
Frankfurt or Jackson Hole
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August 30, 2012 By Leave a Comment
Frankfurt or Jackson Hole David R. Kotok August 30, 2012 Mario Draghi and most European Central Bank members will not come to Jackson Hole. The exception is the Bundesbank’s president Jens Weidmann, who will come for one day. The issue in Europe is simply a negotiation attempt for an agreement to establish [...]
Bernanke-Draghi: Jackson Hole vs. Leen’s Lodge
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August 27, 2012 By Leave a Comment
Bernanke-Draghi: Jackson Hole vs. Leen’s Lodge David R. Kotok August 27, 2012 “Five years into the financial crisis, the exit for central banks from their stimulus efforts is nowhere in sight and even may be getting further away.” (Richard Barley. “Central Banks’ Incredible Lightness of Easing.” Heard on the Street. WSJ.com. August 26, [...]
Dance of Fireflies
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August 22, 2012 By Leave a Comment
Dance of Fireflies David R. Kotok August 22, 2012 The modern Greek odyssey continues with a dance of fireflies. This particular version is dedicated to a different Homer. We are speaking of the late Sidney Homer and his treatise on interest rates. His book, A History of Interest Rates, graces libraries around the [...]
