2011 was much worse for investors’ nerves than it was for many financial markets. Major U.S. stock indices, for example, ended the year pretty much where they began, but the…
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Posted in Global Economy
Tagged emerging markets, European debt crisis, inflation, investors
There’s a joke going around that you may have heard, but you may not have heard why it’s funny. The joke goes, “A Greek, an Italian, and a Spaniard walk…
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Posted in Global Economy
Tagged currency, euro, Europe debt crisis, Eurozone, fiscal policy, Germany, Greece
As the European debt crisis intensified in 2011, the question on most investors’ minds was, “When will European policymakers succumb to the pressures of the market and finally take a…
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Posted in Global Economy
Tagged Bernanke, Europe debt crisis, monetary policy, U.S. economy