Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Economy
Double Dip in the Euro Zone Periphery
As Europe’s leaders struggle to convince markets that their Greek debt problem-resolution-proposals are actually viable, and will really do the trick, last week’s flash PMI readings seem to have attracted rather less attention than they…
Chart of the Day: US – European Gap in Employment Ratio Virtually Gone
The employment-to-population ratio had been much higher in the US than Europe. This gap narrowed dramatically in the last decade and had almost disappeared by the end of 2009. Draw your conclusions about what this says about the different…
Even before a budget cuts, US households looking vulnerable
The debt ceiling debate has stalled and the possibility of default is no longer an outlier. Even so, budget cuts from a deficit deal would weaken consumer demand in the US, already slowed by unemployment. My expectation is that by next…
Felix Zulauf on the inevitability of further crisis in Europe
Felix Zulauf spoke to Barron’s Alan Abelson about his thoughts on the European sovereign debt crisis now that Greece has received its second 100 billion euro bailout. Here I discuss what Abelson says about the conversation and why I think…
The Exciting Adventures of Middle Man
For you political junkies, I ask: doesn’t this have the ring of truth to it?
What the European Greek debt deal means
This step will calm markets – for how long is anybody’s guess. Nevertheless, the budget cuts that this deal requires must be rapid in order to try to calm markets by maintaining the fiction that Greece is not insolvent and that the…
Deficit Deal Could Derail Growth
Comstock Partners argues that while the stock market seems ready cheer any agreement that increases the debt ceiling and avoids a default, such cheering may be extremely short-lived as the economy sinks further under the burden of…
The ten countries with the highest debt in the world
Here’s a list of the countries with the highest debt to GDP in the world
Merkel losing her party’s old guard
If the sovereign debt crisis spirals out of control, it is not clear who will govern. At a minimum, Germany’s reputation as a foundational support for the European project will be in tatters. Likely, the governing coalition of CDU, CSU and…
Americans oppose increasing the debt ceiling. Here’s why
The sense that America’s spending is out of control is visceral. It will be cut. Looking for a job, running a business or Investing in a world of austerity is a lot different from getting along in normal times. I advise everyone to think…