The Big Picture

Click to enlarge: MarketBeat (WSJ Blog) – The U.S. Debt Load: Big and Cheap The U.S. debt overhang gets a lot of attention. And well it...

Click to enlarge: Another fascinating piece of artwork from Anthony Freda

Bungled Bank Bailout Leaves Behind Righteous Anger Neil M. Barofsky Bloomberg Jul 22, 2012 6:30 PM ET In the year...

The euro zone economy could go through a lengthy period of painful adjustment similar to Japan’s post-bubble experience. Click to...

Key Data Points German 10-year bund 23 bps higher; Italy 80 bps tighter; Spain 75 bps tighter; Portugal 54 tighter wider; Ireland 24 bps...

While the WSJ is now reporting that “many ECB members were surprised by Draghi’s comments suggesting new bond buys,”...

Succinct summation of week’s events: Positives: 1) ECB gets off its arse and swings hammer of the printing press. 2) Italian...

Very nice report via Business Insider. I don’t concur with all of it, but its quite well done, and worth discussing: ...

The Financial Times – ECB ‘ready to do whatever it takes’ The European Central Bank’s mandate allows it to fight excessive...

A few quick items to mention relative to my presentations yesterday: • The slide deck is posted for Behavioral Economics,...