by MCV | Ene 2, 2009 | Sin categoría
Dear Sir, Time and again you keep saying that the Federal Reserve flooded the market with dollars in the 2000´s and that there would lie the most important reason for its depreciation. If I may reprint, in your last editorial article you state the following:...
by MCV | Dic 9, 2008 | Sin categoría
Technological changes do happen, turning past production functions obsolete. Sometimes there is a certain gradualism that enables economic agents and institutions to adjust; sometimes, time is too short for it. The present economic and financial circumstances seem to...
by MCV | Nov 11, 2008 | Sin categoría
There are two soft spots in our financial system that need to be addressed: one is the dependency of the banking industry on domestic pension funds for long term financing resources; the other, the undercapitalized life insurance industry that pays two thirds of...
by MCV | Oct 17, 2008 | Sin categoría
Here is what Joe knows: he has been paying on average US$ 110 per barrel of oil for the first 9 months of this year, or 66% more than last year’s average price of US$ 66 per barrel. Moreover, he has been paying three times more than long term average prices of oil of...
by MCV | Oct 14, 2008 | Sin categoría
Dear Sir, Has it occurred to you that the present crisis is no crisis after all, once you extinguish this unreasonable panic among financial actors? It turns out that even though the US economy is decelerating, it still grows whether a recession is called for or not,...
by MCV | Sep 24, 2008 | Sin categoría
It is not easy to ascertain the depth of the present financial crisis, to differentiate real economic costs from accounting practices that link asset values to markets where prices are no longer reliable, to get to the essence of the problem out of too many...
