RSS feedGeorge Magnus
’LTRO-ing, with Magnus
Intesa Sanpaolo’s chief executive says he’ll use ECB funds to buy Italian bonds…
BBVA sells the first senior unsecured bond to be issued by a Spanish bank since October… (like Intesa a few weeks ago.
Finance, more progressive than policy?
“At a certain stage of development, the material productive forces of society come into conflict with the existing relations of production or – this merely expresses the same thing in legal terms – with the property relations within this framework of which they have operated hitherto”.
Magnus on a chronic under-reporting of private sector surpluses
UBS senior economic adviser George Magnus addresses the issue of Washington’s budgetary crisis on Monday.
As he points out, to some there is a major fiscal imbalance that has to be addressed, but no crisis — while to others the US is bust and nothing short of an immediate downsizing will neutralise a looming austerity crisis.
Welcome to the OECD debt trap
George Magnus’ most recent report on the upcoming global structural crisis to come is so good, we thought it was worth highlighting some additional extracts.
Consider, for instance, the charts below.
Magnus: ‘An existential crisis for the euro-system’
UBS senior economic adviser George Magnus has laid his cards on the sovereign crisis table.
He, for one, does not think the European Union’s weekend rescue will be enough to resolve the situation or stop it from spiralling into a structural crisis for all large debtor nations in the industrialised world.
The bull case shredded
Bear market rally or start of a bull market? It is the question everyone wants answered right now. But George Magnus, senior economic adviser and green shoot weed-whacker at UBS, is in no doubt as to the answer.
George Magnus, green shoot weed-whacker
“Recession’s end”, Bloomberg commentators included in their headlines on Wednesday night, while others noted that inventory reductions indicate that the economy is nearing a bottom. Green shoots, green shoots,
Deflation is the problem, by George
George Magnus, senior economic advisor at UBS and author, has opinions on a wide range of subjects. In recent months, he generated spirited debate with his book about the economic impact of aging populations (‘The Age of Aging’,
Nationalisation Magnus Opus
UBS’s senior economic adviser, George Magnus, has thrown his hat into the bank nationalisation ring.
Magnus, like many others, is starting to see an increasing likelihood of full-scale bank nationalisation.
Containing the great deleveraging
The current deleveraging in the market is bad. Worse though, is the inevitable household deleveraging yet to come.
In his latest research, George Magnus, senior adviser at UBS, argues that unfortunately all of the above is unavoidable.
As Wall St forecasts are cut (again), Magnus warns: ‘It’s different this time’
Enough of this bullishness!
The London stock market may have been testing 6000 again on the FTSE 100 on Monday. Alleged bijou banks Alliance & Leicester and Bradford & Bingley might be takeover targets.
Magnus, Minsky and shifts of position
Naked Capitalism has picked up on what seems to be the week’s trend: reversing position. An odd sign of the times, or perhaps specifically, of financial stress, Yves Smith says:
On Friday, we have Citigroup,