Trichet’s code language

Press statements from central bankers are always spelled for coded messages. An interesting game is played between the bankers, and the press and financial analysts. The reason for this is that the bankers want to align the long term expectations with their preferred course of action, while keeping their options to act open. In the […]

English Posts 16 May 2011 | 09:58


Governments, banks and the media since about 8 months are trying to convince us and themselves, that our economy is clearly recovering. Given the fact, that no substantial changes have been made to the system that finally broke down in 2008, this seems odd. Even more so, if we take into account that every rescue […]

Algemeen English Posts Politiek 30 Jul 2010 | 12:04