Browsing Tag

depression

Should we be optimistic?

I have had a lot of other things on my plate and haven't been able to write as regularly as I would like. But I am going to try to increase the volume of posts by putting out more quick hits like this one that capture my macro view without…

Spain is the New Greece

Spain has become the new Greece. Actually, in many respects Spain is now worse than Greece. The Spanish unemployment rate is already so high and unlike Athens, Madrid has made no headway in reducing its public debt levels (whereas the…

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