July 2013 – Page 3 – Schirach Report

Bernanke Says “Highly Accomodative Policies” Still Needed, And Markets Shoot Up It is bad when Central Bankers, rather than economic fundamentals, move markets. We end up with fake valuations

By Paolo von Schirach July 11, 2013 WASHINGTON – No, America, the Fed is not going to remove the...

While Rome Makes No Progress In Cutting Red Ink, S&P Downgraded Italy’s Debt New BBB rate is not a catastrophe; but it is yet another step in the wrong direction

By Paolo von Schirach Realted story: https://schirachreport.com/index.php/2013/07/09/martin-feldsteins-recipe-for-southern-europe-stimulus-now-but-combined-with-credible-public-spending-cuts/ July 10, 2013 WASHINGTON – Very recently I commented (see link above...

Martin Feldstein’s Recipe For Southern Europe: Stimulus Now But Combined With Credible Public Spending Cuts Sensible idea. However, the problem is that "Club Med" is too tired and too weak. Limping along is the best it can do

By Paolo von Schirach Related story: https://schirachreport.com/index.php/2013/07/08/europe-will-continue-bailing-out-its-weak-southern-members/ July 9, 2013 WASHINGTON – In a recent piece (see link above)...

Europe Will Continue Bailing Out Its Weak Southern Members This endless financial aid program is not sustainable. What will Germany do after its political elections?

By Paolo von Schirach July 8, 2013 WASHINGTON – Back in 2009, at the very beginning of the Eurozone...

As America Becomes Energy Independent Expect far Less Interest In The Palestine-Israel Peace Process America's involvement in all Middle Eastern issues largely due to its seemingly permanent oil vulnerability

By Paolo von Schirach July 7, 2013 WASHINGTON– Is there any correlation between the discovery and exploitation of large amounts...

US Employment Up 195,000 In June. Good News? Not Really In our new world a good jobs report signals market unheaval ahead. And new employment mostly in low paying sectors

By Paolo von Schirach July 6, 2013 WASHINGTON – In June the US economy added 195,000 jobs. In a...

The Coup D’Etat In Egypt Is Not A Good Thing. Yet It May Lead To Good Changes Cairo is not Paris. There is no established democratic tradition in Egypt. Morsi was both arrogant and incompetent

By Paolo von Schirach July 5, 2013 WASHINGTON– It is really hard to have any regrets about the abrupt...

What Will Be the Political Consequences Of A Slowing Chinese Economy? Slower growth means dashed expectations. Will the Chinese people demand changes?

By Paolo von Schirach July 4, 2013 WASHINGTON – Is China in trouble? Hard to tell; but it looks...

As We Celebrate Another Fourth Of July, Let’s Remember That America’s Fate Rests On Our Shared Understanding Of The Common Good Our institutions have been created to make policy-making difficult. If extremists are too strong, they'll make sure that nothing gest done

By Paolo von Schirach July 3, 2013 WASHINGTON – Yes, tomorrow is the Fourth of July, the anniversary of...

Egypt: The End Of The Muslim Brotherhood Regime Does Not Mean The Country Will Get A Functioning Democracy Religious principles are no good guidance for economic management. But new secular rulers will also have an immense challenge. The Egyptian economy is semi-destroyed, while law and order have vanished

By Paolo von Schirach Related story: https://schirachreport.com/index.php/2012/12/26/morsi-and-the-islamic-fundamentalists-will-not-last-in-egypt-still-enormous-challenges-for-future-secular-rulers-poverty-and-under-development-in-a-country-of-80-million/ July 2, 2013 WASHINGTON – A few months ago I did argue...