Paul Krugman tossed off a brief note yesterday bemoaning the Federal Reserve’s brand spanking new inflation target (actually, the Fed said it was a “goal” – which is something you want to hit but know you often can’t). He bemoaned the fact that “2% is Not Enough” in the title of his post – which initially made me [...]
Republicans are worried sick about Newt Gingrich’s ascendance, while Democrats are tickled pink. Yet no responsible Democrat should be pleased at the prospect that Gingrich could get the GOP nomination. The future of America is too important to accept even a small risk of a Gingrich presidency. The Republican worry is understandable. “The possibility of [...]
Europe’s inspectors will henceforth establish an occupation office in Athens to ensure the “full implementation” of austerity policies, for as long as it takes. Greece has been stripped even of the pretence of sovereignty. This country that freed itself from Ottoman control in the 1820s (with French help), is reduced to a Sanjak of the [...]
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Before starting on the subject of debt I wanted to make a quick reference to something sent to me by Charles Horner, a senior fellow at the Hudson Institute. I am glad to say that the overinvestment thesis is much more widely acknowledged today than it was even two or three years ago, but one [...]
So the moral of today’s European Daily Catch is when it comes to confidence indicators, know your consumers. Unhappy Italian consumers make poor spenders, while unhappy French households may very well hit the shops.
Daniel Alpert
Dan Alpert's Two Cents
Congratulations to Daniel Alpert on being appointed a fellow of The Century Foundation, one of the oldest think tanks in the United States. Dan is a founding Managing Partner of Westwood Capital, LLC and its affiliates. He has more than 30 years of international merchant banking and investment banking experience, including a wide variety of work-out and bankruptcy related restructuring experience.
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