Draghi is a drag on Bernanke
The ability of central banks to raise investors’ confidence is wearing off. More so when the European Central Bank has become a liability for the US Federal Reserve.
Markets
US Treasury shows Brussels how it’s done
Do you remember the vast injections of public cash in insurer AIG and the TARP operation to clean banks’ balance sheets? They cost American taxpayers no penny at all, and have now been completed with success. Hello, Brussels, anyone listening?
The Spanish banks under single European supervision
Over 80 percent of all Spanish deposit banking institutions–six of them systemic–will be inspected by the European Central Bank from 2014.
Spain’s public deficit deviation covered
Total gross issuance had to reach €199.5 billion, but the government had placed €200.9 billion of sovereign debt as of Wednesday.
US Federal Reserve’s historical decision
Mr Draghi, governor at the European Central Bank, should listen to his American colleague at the Federal Reserve. And follow suit by means of expnasionary monetary policies even if inflation reaches 4 percent.
US mistreat immigrants at its own peril
Unlike during the 1980s, when skilled immigrants could get green cards in as little as 18 months, today it can take as long as 17 years. Failure to fix this problem, says Wadhwa in an interview with Knowledge@Wharton, is killing American innovation and entrepreneurship.
The City eyes European equities
LONDON | As 2012 finishes, the first accounts from the City of what the year was like bring doses of optimism. The euro zone will polish its banking and fiscal union, and Greece will stay within, analysts forecast to investors.
BME’s Corporate Debt market trades in November hit a record high
The Spanish exchange turnover reached €641.76 billion to the end of November. The number of equity trades to the end of November reached 38.5 million, of which 2.2 million were traded in November.
Venture capitalist Tom Perkins: “If there is no risk, you already missed the boat”
During a recent visit to Wharton’s San Francisco campus, Perkins talked about his long career in technology entrepreneurship, noting at one point that successful entrepreneurs need to carefully thread the needle as they tackle the crucial issue of risk.
Spain bucks the downward trend in euro zone auto registrations
The trends have not behaved in a positive way yet, particularly in France, whereas the Spanish series appeared to show a slight improvement last month.