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BLOOMBERG Bloomberg Markets European Open July 12, 2024

From the bloomberg terminal. A 2 trillion dollar wipeout. U. S. Equities see their worst rout in 12 weeks. Is there more to come . The precipice of disaster. Americas fourthlargest city but it may reimpose Steven Mnuchin says the country cannot close again. Plus, european banks close to Capital Requirements. Just under an hour away from the start of trading. Futureske a look at after the big drop we saw. Saw drops in asian stocks overnight. If you look at yesterdays cash a drop in the dax. 559 p...
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The ECB's toxic bond-purchase programme

By Lars P. Feld, Clemens Fuest and Volker WielandBERLIN  —  With eurozone inflation rising rapidly, the European Central Bank (ECB) recently increased its benchmark interest rate by 50 basis points and introduced a new asset-purchase programme, the Transmission Protection Instrument (TPI), aimed at limiting yield differentials between member states’ bonds. But the ECB’s latest
Justus Haucap Volker Wieland Heike Schweitzer Larsp Feld Mario Draghi Clemens Fuest

The hegemony of neoliberalism

Friedrich Hayek Review of Philip Mirowski: Never let a serious crisis go to waste: how neoliberalism survived the financial meltdown (Verso, 2013) Philip Mirowski addresses the left, very broadly defined — “people who have taken it as a fundamental premise that current market structures can and should be subordinate to political projects for human improvement” — but with “a simple message: Know Your Enemy before you start daydreaming of a better world”.
United States United Kingdom West Germany Amartya Sen Ralph Harris David Cameron

The hegemony of neoliberalism

Friedrich Hayek Review of Philip Mirowski: Never let a serious crisis go to waste: how neoliberalism survived the financial meltdown (Verso, 2013) Philip Mirowski addresses the left, very broadly defined — “people who have taken it as a fundamental premise that current market structures can and should be subordinate to political projects for human improvement” — but with “a simple message: Know Your Enemy before you start daydreaming of a better world”.
United States United Kingdom West Germany Amartya Sen Ralph Harris David Cameron

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