Category Archives: Europe

Waiting for that Too-Much-Discussed Ukraine Counteroffensive

Ukraine and the collective West talk too much.

Warning Lights Flashing Red for Italian Economy

Already dealing with rate and energy hikes, Meloni government eliminates two programs that were effectively providing stimulus just as Italy becomes country with lowest employment rate in the bloc. Now billions of EU recovery funds are at stake too.

Lower Natural Gas Price Is Not All Good News For Europe

Europe’s warm winter likely only delayed its pain as importers may soon have to pay up for spot supply to beat competition from the Asian market.

“Biden’s Awkward Democracy Summit”

The US trying even harder to tout the virtues of its ideas of democracy is not winning friends or influencing people.

Austerity for the Plebes, Bank Rescues for the Rich

The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.

European Gas Prices Extend Gains As French Strikes Block LNG Imports

The economic effects of the massive French strikes are starting to extend beyond France, although so far in a limited way. Is more to come?

US Continues Its Abuse of the EU With Recent Inflation Reduction Act Agreement

The deal allows European Commission President Ursula von der Leyen to sell a breakthrough without accomplishing anything for Europe.

Fed-Inflicted Bank Wobbles Persist as Investors Fret About Deutsche

Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.

Crash Landing? Part 2 – The Usual Suspects

What parts of the financial system are most vulnerable to a crash?

Energy Transition Advocates Get A Reality Check

Big Oil rollls out new messaging designed to stoke worry about green energy plans.

Crash Landing? Part 1 – Bonfire of the Banks

Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.

Lack of Grownups in the Room Exacerbates Bank Freakout

The bank firefighting squad seems to be out on a bender.

Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse

The Fed has a lot of ‘splaining to do, yet seems determined to keep doing the wrong thing.

Turkey’s Opposition Leads in the Polls. Would They Move the Country Closer to the West?

The Turkish opposition’s “memorandum of understanding on common policies” reveals which way they’re likely to steer the country should they win May’s election.

Hoisted from Comments: Rosneft Refinery in Schwedt Continues to Be a Microcosm of Europe’s Sanctions-Induced Energy Mess

A case study in sanctions blowback: how the Rosneft refinery, an important provider of diesel and jet fuel, looks like a stranded asset.