Monthly Archives: October 2011

The Truant Muse: Why Do Consumers Put Up With Phone Companies?

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Ask Eonia and Sonia

Reading the tea leaves October Eonia is lower than the average for the previous two maintenance periods but it’s really difficult to separate the liquidity element [expectations of 12-month LTRO] from the interest-rate element. In any case, if we take the view … Continue reading

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What’s Worrying Bernanke?

Fed Chairman Bernanke gave a curious and worrying signal in his appearance yesterday before the Joint Economic Committee of Congress. He said, in the Q&A session that followed his testimony, that the recovery was ‘close to faltering.’ This subtly contradicted … Continue reading

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