Why the global monetary makeover is wearing off

There’s only so long monetary policy can pretend to solve painfully real problems of public debt, demographics and inflexible economies in Europe and Japan.

It’s another week in the never-ending euro crisis. There is talk about the need for another Greek haircut before the end of the year. The ECB is pressuring the German constitutional court not to declare its bond buying activities illegal. And, believe it or not, French President François Hollande has (once again) officially declared the euro crisis over. Let’s hope the euro crisis was told.

It is tempting to discuss the political complications of that Greek haircut, the intricate details of German constitutional law, or indeed the sanity of the French president. But I am not going to do that – at least not today.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles