The Passion of Monti: A Christmas Story

The political dysfunction of the world’s largest economy is epic. Even though Mr. Market is not forcing the US hand, the political class is intent on shooting itself in the foot. Yet the uncertainty over next year’s marginal tax rates has not impacted the hiring process as the average monthly non-farm payroll growth has not […]

Is Mario Monti Going to be the ‘Next’ Italian Prime Minister?

Investors and political leaders around the world are very worried that the new government that will emerge from the next Italian elections in April 2013 will not be headed by Mario Monti, nor pursue the “Monti Agenda” of structural reform and fiscal discipline. The worries are well founded, for several reasons. Economics.. On one hand […]