psychology

Without going into the detail of my member posts, here's what I can say: it is clear Greece will eventually exit the euro zone. The question is the timing. But, the political about-face necessary to prevent contagion is a lot larger than…

I just re-opened the thread on "How and why Greece will leave the euro zone" because there has been so much chatter about a Greek exit. I am still a bit in disbelief that Europe would allow the Greek economy to crumble so much thy would be…

Apple reports earnings after the close of business today. This will be a closely watched report. Here are the things to look for.

Jeremy Grantham: "The central truth of the investment business is that investment behavior is driven by career risk. In the professional investment business we are all agents, managing other peoples’ money. The prime directive, as Keynes…

My view as developed in that post is that debt is central to understanding economic systems, and not just because it has a redistributive element in apportioning losses between creditors and debtors when recession forces credit writedowns.…

We received a phone call over the weekend from a close friend and someone who reads our comments religiously. He had a question for us. He wanted to know if we were still in the secular bear market camp or have we thrown in the towel since…

The enduring global crisis is giving rise to fears that economic hard times will feed political extremism, as it did in the 1930s. This column suggests that the danger of political polarisation and extremism is greatest in countries with…

by Frank Li and Derryl Hermanutz, Guest Authors from Global Economic Intersection This is the fifth article of the series: “Towards An Ideal Form of Government”. In my 1/20/2012 post (Democracy and Communism: Are They Really the…

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

Full employment should be the standard.