How abnormal was the stock market in October 2008?

By: Paul De Grauwe, Leonardo Iania, Pablo Rovira Kaltwasser

Last month saw a stock market move with a probability of occurring only once in 73,357,946,799,753,

900,000,000 years. What does this tell us about modern finance?

The depression of 2009

Wrong government policies on both sides of the Atlantic are turning a crisis into a catastrophe.

Spain on the verge of a nervous breakdown

By: Jaime Pozuelo-Monfort

An anticipated slowdown may become a sudden halt with a severe correction for Spain's economy. As the Almodovar girls, many Spaniards are on the verge of a nervous breakdown.

What Spain needs to do

By: Jaime Pozuelo-Monfort

The Spanish economy faces real challenges that will have to be confronted with creative economic policy with better education, research and development, and a larger allocation of public spending to infrastructure building.

A crisis is in store for Spain's election victor

By: Wolfgang Münchau

Whoever wins Sunday's Spanish elections will have to sort out a huge mess. Spanish house price are set to fall by 50% in real terms, as the country's bubble-growth model is imploding.

A short note on the Spanish housing bubble

Forget about this week's mini-panic on the Spanish bourse. The real crash has yet to come, and is going to much more severe.