Tag Archives: euro

Looming Greek Default is the IMF’s Problem

One of the more bewildering and frustrating things about life is that you rarely get what you expect.  You set out and strive for a certain goal with all the excitement and energy of a child.  You may think you’re … Continue reading

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Monkey Economics

Despite the advent of the tablet phone and microwave kettle corn, there are still rudimentary evolutionary responses hardwired into the core of the human psyche.  During moments of failing they take over and suppress clear thinking.  How else can one … Continue reading

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Not in a Million Years

Storylines serve a valuable purpose.  They round out the incongruences and give meaning to things in a way people can quickly comprehend.  This is especially true when it comes to the economy. The popular narrative of the day is that … Continue reading

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The Beginning of the End for the European Union

The European Central Bank initiated a new mass money debasement scheme yesterday.  If you recall, this involves buying €60 billion ($66 billion) a month of European government bonds.  Somehow this is supposed to improve the economy. No doubt, the European … Continue reading

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