When the entangled narrative is based on the Bible, the problem is the Bible.
-
THE SPANISH RISK PREMIUM
There were two bond issues today, one in Spain, the other in Denmark, which allow us to carry out an interesting little calculation of the risk premium required of Spain when it borrows on the capital markets.
A short while ago the Spanish […]
-
Le Vif/L’Express, « There is ALWAYS an alternative », June 22, 2012
This is an exclusive preview – in English! – of my column which will be published in the Belgian weekly Le Vif/L’Express this coming Thursday
The phenomenon is the way in which things manifest themselves to us, and this can be real – either with things appearing as they really are; or it can be […]
-
FRANCE AND THE FUTURE OF EUROPE
France and the future of Europe
The fact that Spain seems to have lost all access to the capital markets for the foreseeable future, seeming thus, at first glance, to condemn the entire existence of the Eurozone, was headline news on Paul Jorion’s blog yesterday. Firstly, as discussed in the article ironically entitled “
-
THE LOSS OF CONFIDENCE IN SPANISH DEBT: LIVE
In my article this morning ‘The Greeks have made the right choice’ I indicated that:
…the 10 year rate for Spanish bonds was 6.82% at opening time this morning and now stands at 7.13%. (10.25 AM).
The dramatic progression has continued: it is 2.40 PM and the rate is now at 7.22%
The correct […]
-
“THE GREEKS HAVE MADE THE RIGHT CHOICE!”
“The Greeks have made the right choice!”
Oh blast, the markets see it differently: the 10 year Spanish rate was at 6.82% at opening this morning and now it’s at 7.25% (3:30 PM). Unheard of, one has to say. Damned markets!
Voting for the Troïka method – it was pretty obvious – was voting […]
-
ON THE EVE OF THE GREEK ELECTIONS, by Panagiotis Grigoriou
Guest post. Translated from the French by Tim Gupwell
On Thursday 14th June a woman from Crete, aged 32 years old, stole three packs of milk and an ice-cream from a supermarket in Héraklion, causing a loss to the shop of 20.77 Euros. For several days, her […]
-
A BIG BANG, OR NOTHING , by François Leclerc
Guest post. Translated from the French by Tim Gupwell
With the G20 meeting being held in Mexico at the start of the week, our perspective will find itself altered, falsely accustomed as we are to only seeing the debt crisis from a European angle. On the 18th and 19th June, the greats of […]
-
STEPS TOO STEEP TO CLIMB, by François Leclerc
Guest post. Translated from the French by Tim Gupwell
François Hollande is on the offensive and Angela Merkel firmly on the defensive, with both setting their sights on a compromise in the summit at the end of June (a compromise which remains inconceivable for the moment). How is it viewed by Paris, with […]
-
AND NOW?
14 juin 2012 par Paul Jorion
And now? What are we going to do? Now that Spain has lost access to capital markets for its debt?
True, the downgrading yesterday evening of Spain’s rating by three notches by Moody’s, from an A3 to Baa3 has not helped […]
-
NOW THE CHAINS ARE GIVING WAY, by François Leclerc
Guest post. Translated from the French by Tim Gupwell
The chorus of voices is becoming increasingly strident and events are moving very fast: the now inevitable Spanish request to benefit from a rescue package; plus the impending recognition of the failure of the second Greek plan, followed by the negotiation of a third […]
Contact Paul Jorion
Most recent comments
I intend to read the Krichmar paper, thanks for mentioning it. I looked in my library, I’ve got a 1987…
It’s becoming clear that with all the brain and consciousness theories out there, the proof will be in the pudding.…
Do Androids dream of electric sheeps ? Yes. Thanks Paul.
You say that A machine with only primary consciousness will probably have to come first. That’s the way evolution proceeded:…
It’s becoming clear that with all the brain and consciousness theories out there, the proof will be in the pudding.…
I fear your views of AI are pretty much outdated. They pre-date in any case neural networks. What you are…
Unfortunately IA is not The solution… We have to think outside the box… And IA just calculate fast but inside…
very well my brother
[…] Source : “Who were We?”, forthcoming at Fayard in May 2018 – Paul Jorion’s Blog […]
Most recent posts
- A NEW “US” FOR NEW TIMES. X. The rise of the LLMs
- A NEW “US” FOR NEW TIMES. IX. Freud: The soul in the realm of suspicion
- A NEW “US” FOR NEW TIMES. VIII. Darwin: Man in a sequence
- A NEW “US” FOR NEW TIMES. VII. Jean-Jacques Rousseau: Being more generous when defining Man
- A NEW “US” FOR NEW TIMES. VI. Linnæus: Man taken down from his pedestal
My books
Topics
- "Who Were We?"
- A NEW "US" FOR NEW TIMES
- Anthropology
- Art
- Artificial Intelligence
- Blog
- Brexit
- China
- Computing
- Currency
- Democracy
- Ecology
- Economy
- Essential questions
- Europe
- Extinction threat
- Finance
- Fine arts
- Fiscality
- Fukushima
- Fun
- History
- Human complex systems
- Internet
- Labour
- Law
- Libor
- Literature
- LLM
- Mathematics
- Mystery
- Nonsense
- Pandemic
- Philosophy of science
- Physics
- Politics
- PROTEST MOVEMENTS
- Psychoanalysis
- Scotland
- Sociology
- Spain
- Stewardship of Finance
- Subprime
- The Singularity
- Transhumanism
- United Kingdom
- United States
- Unspecified
Tags
"L'avènement de la Singularité" "Thought as Word Dynamics" ANELLA A NEW "US" FOR NEW TIMES Angela Merkel Aristotle Artificial Intelligence balanced budget rule Barclays Brexit capitalism Chair "Stewardship of Finance" Claude 3 debt Donald Trump ECB EFSF ESM Europe eurozone France FSA Germany GPT-4 Greece Herman Van Rompuy IMF Italy Jean-Claude Juncker José Manuel Barroso Large Language Models LIBOR linguistics LLM Mario Draghi Mario Monti Pribor.io problem solving Proudhon P vs NP Spain speculation The Singularity Troïka United States