Political Economy

My takeaway here is that people are desperate and they are willing to support any party that has a solution to their economic plight, irrespective of whether that party is considered extreme.

The financial situation in Greece is deteriorating at a remarkable clip.

On the issue of the bifurcation of society and the widening income gap in the U.S., and the strains appearing from the factory system in China that have recently been highlighted, there is useful commentary that comes from a surprising…

There is plenty of room for policy error. The reasons to fear a Lehman-like event still seem compelling. European officials suggest the problem is the lack of implementation of reform and growth measures in Greece. No doubt there is an…

Anti-Euro MP Nigel Farage says the troika's economic policy in Greece is moving that country toward a violent revolution.

This post discusses how politics and economics will interact in the Greek debt crisis and lead to default and euro zone exit.

Despite the Greek parliament's approval of austerity measures, there is still considerable uncertainty in the Greek situation. This post outlines many of the issues still up in the air.

Polls suggest that in the first round of balloting in late April, Sarkozy is trailing his Socialist challenger Hollande 31%-24.5%. Marina Le Pen's candidacy appears sufficiently strong to deny either candidate a majority in the first round.

This post is a continuation of the ideas for a Greek exit for the euro zone that I published on Friday incorporating specifics that Marshall Auerback has laid out in a separate post and demonstrating why exit is the likely option.

The austerity regime being adopted throughout Europe, by surplus and deficit countries alike, amid deleveraging, begs the question of where will aggregate demand come from? Moreover, iIf Greece can lower its debt burden by transferring some…