Private Debt Comparison: USA v. Greece
The "Greek Debt Crisis" is once again in the forefront since the EU leaders are meeting today and tomorrow - yet again - to figure out how to deal with it and the larger issue of debt and competitiveness inequalities across Europe. The discussion...
Private Debt Comparison: USA v. Greece
The "Greek Debt Crisis" is once again in the forefront since the EU leaders are meeting today and tomorrow - yet again - to figure out how to deal with it and the larger issue of debt and competitiveness inequalities across Europe. The discussion...
Deja Vu, All Over Again
The current situation in the Arab world reminds me strongly of the end of the Soviet Union and its Warsaw Pact allies in the early 1990's. Though the Arabs do not have a centrally-controlled power structure like that of the late USSR, they n...
Deja Vu, All Over Again
The current situation in the Arab world reminds me strongly of the end of the Soviet Union and its Warsaw Pact allies in the early 1990's. Though the Arabs do not have a centrally-controlled power structure like that of the late USSR, they n...
Real Reason For Real Optimism
I'm stricken with a bad case of blog-writer's block. It's not the first time, so I know how to get by until the spirit grabs me once more: recommend a book or two or, as is the case today, send readers to an article I find interesting.Soaking Up ...
Real Reason For Real Optimism
I'm stricken with a bad case of blog-writer's block. It's not the first time, so I know how to get by until the spirit grabs me once more: recommend a book or two or, as is the case today, send readers to an article I find interesting.Soaking Up ...
It’s Not Game Over, But We’re In Overtime
Commenting on the previous post on QE a reader asked (hat tip: shtove): "Are you saying the Fed has managed this quite precisely - replacing lost credit with its own version, only so much and no more?" This is my answer: It's not only ...
It’s Not Game Over, But We’re In Overtime
Commenting on the previous post on QE a reader asked (hat tip: shtove): "Are you saying the Fed has managed this quite precisely - replacing lost credit with its own version, only so much and no more?" This is my answer: It's not only ...
Sudden Debt 2011-01-28 05:23:00
In answering a reader's question about the relationship between quantitative easing (QE) and food price inflation (hat tip: Crito) I mentioned that QE may not, in fact, increase money supply. This is because it is not known how much of the liquid...
Sudden Debt 2011-01-28 05:23:00
In answering a reader's question about the relationship between quantitative easing (QE) and food price inflation (hat tip: Crito) I mentioned that QE may not, in fact, increase money supply. This is because it is not known how much of the liquid...
Swift Action Required
This story appeared in the NY Times a couple of days ago, reporting on the possibility of buy-backs for deeply discounted Greek Government Bonds (GGBs) in the secondary market by the European financial stability fund (EFSF). The particular ...
Swift Action Required
This story appeared in the NY Times a couple of days ago, reporting on the possibility of buy-backs for deeply discounted Greek Government Bonds (GGBs) in the secondary market by the European financial stability fund (EFSF). The particular ...
