Just because Pope Gregory XIII decided some 430 years ago that we’d celebrate a new year this weekend, many of us have the idea that somehow, next week will usher…
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Posted in Global Economy
Tagged Administration, China, Congress, emerging markets, European Central Bank, Federal Reserve, New Year, Turkey
Just as Greek politicians got on track to install a “technocratic” government that would agree to implement the additional austerity measures required to access additional bailout money, Italy’s inability to…
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Posted in Global Economy
Tagged bonds, Europe debt crisis, European Central Bank, Greece, Italy, monetary policy
Athenian democracy was an experiment in direct democracy where the people did not vote for elected officials but rather voted on specific legislation. The Greeks are now poised to once…
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Posted in Global Economy
Tagged Europe debt crisis, European Central Bank, European Union, Eurozone, Greece
The specter of Hurricane Katrina haunted government officials along the eastern seaboard. Wide-ranging precautionary measures were put in place but in the end Hurricane Irene simply didn’t pack that large…
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Posted in Global Economy
Tagged bonds, debt, European Central Bank, Eurozone, financial crisis, Greece, investors, Italy, Spain
Repeated efforts to unite Europe under a common vision mark the strained history of the continent. What neither Napoleon’s cannons nor Hitler’s tanks could accomplish by force was supposed to…
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Posted in Global Economy
Tagged bonds, debt, economic policy, euro, eurobonds, Europe debt crisis, European Central Bank, European Union, Eurozone