The drugs don’t work any more

September 29, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

On one point departing Kansas City Fed President Thomas Hoenig and the high-yield bond market agree: current monetary policy is not helping.

Solving Europe doesn’t avoid recession

September 27, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

The question isn’t “will Europe tip the world into recession?” but rather how much worse the euro crisis will make the recession that is already chugging down the tracks.

Don’t expect coordinated easing

September 22, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

HUNTSVILLE, Ala. – That much-anticipated global coordinated easing won’t be global, won’t be coordinated and won’t even be much of an easing.

One-note Geithner’s leverage song

September 21, 2011

James Saft is a Reuters columnist. The opinions expressed are his own

HUNTSVILLE, Ala. – Tim Geithner went a very long way on Friday to accomplish very little, flying to Poland to pitch to the assembled euro zone finance ministers the same tactics that have worked so poorly in the U.S.

‘BRICaid’ for Europe a busted flush

September 15, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

HUNTSVILLE, Ala. — Don’t count on the euro zone getting a leg up from the giants of the emerging markets.

Nations and shareholders vs bankers

September 13, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

HUNTSVILLE, Ala. — It looks as if patriotism is the last refuge of bankers.

Switzerland ties itself to euro mast

September 8, 2011
James Saft is a Reuters columnist. The opinions expressed are his own.

HUNTSVILLE, Ala. – It is clear we are living in a strange world when Switzerland, that most euro-skeptic of nations, has tied its fortunes to the success, in its current fragile form, of the euro zone common currency.

Europe’s banks wag the dog

September 6, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

HUNTSVILLE, Ala. — With European banks facing mounting funding problems, it is time once again for the tail to try to wag the dog.

High price of old-fashioned volatility

September 6, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

HUNTSVILLE, Ala. — If you thought you’d found someplace that was insulated from the economic weakness coming from the U.S. and Europe, well, chances are you are wrong.