The Peak Effect

It is Bunga Bunga all over again!

noreply@blogger.com (Donato Scarano) — Tue, 30 Apr 2013 14:57:04 PDT

With the election confirmed today by the Senate of the new Italian government Berlusconi has managed to place himself in power once again. No wonder that Berlusconi is having a very good time these days; with two trials pending and a new government controlled by him, he has managed again to shield himself from going to jail. The old fox has outwitted his antagonists once again. Beyond the

Italy political chaos reach new highs with president re-election!

noreply@blogger.com (Donato Scarano) — Sat, 20 Apr 2013 11:09:05 PDT

Italy, which has devolved into total political chaos since the February 25th inconclusive elections has managed to re-elect the current president Giorgio Napolitano for a second consecutive 7 year term. So if not a prime minister, the country at least has a president. There is one problem: Napolitano is 87 years old. Perhaps the prospect of a 95 year old president in 7 years is precisely

Household Wealth in Europe

noreply@blogger.com (Donato Scarano) — Sat, 13 Apr 2013 12:27:01 PDT

The ECB has finally published the all-country report which gives us an indication of where household wealth is located and where in the future bailouts private wealth will be confiscated. The data is from 2009-2010 so especially in the PIIGS countries it could be overinflated after 3 years of austerity still is a powerful indicator of major unbalances in the Eurozone. Italian median household