There is no doubt little organisms can wreak havoc in ways that blowhards could never imagine. People are trying to assess the financial impact by looking at previous pandemics. This is flawed analysis because each pandemic is different depending on the global circumstances and the morass for incubation. During the Cold War people did not move freely so political containment acted as a drag on the spread of disease.
Posts Tagged ‘Sweden’
Notes From Underground: Inflation sets on the BRITISH empire
February 15, 2011The inflation data released by the U.K. showed that CPI has increased to 4 percent. The largest price increase was in INK costs as Mervyn King had to pen another letter to the Chancellor of the Exchequer explaining the price increases maintained during the BOE’s inflation-mandated levels. King has placed himself in a difficult position as he has held rates steady in the face of rising inflation. Governor King’s stance is the same as Bernanke’s. The rise in prices are due to elements that the CENTRAL BANK cannot effect and the inflationary impact is acting as a drag on the consumer. Why ?
Notes From Underground: Geithner and Schumer put more dung on the fire to heat up the Chinese currency battle
September 19, 2010The news over the weekend was was not market moving. The Center Right coalition in Sweden looks to win re-election, which is a very rare occurrence in the model welfare state of Europe. The Swedes have weathered the recent financial crisis fairly well, since they learned their lesson from the financial pains they endured in the early-to-mid 1990s. In fact, the Swedish crisis has provided some of the best solutions for policy markers in the U.S. and Europe as they seek ways to ameliorate the credit stresses that have been plaguing the developed economies for two-plus years. The biggest problem for the Swedes is the anti-immigration party of Democratic Sweden polled stronger than anticipated, which means they will have seats in Parliament for the first time. The move to the right is something to watch for in the EU as the fiscal austerity programs begin to take hold. If the right can rise in the Swedish Utopia, governments in the rest of Europe have to take note.