From the time the European sovereign debt debacle began to unfold a year and a half ago, it has represented the confluence of several chronic problems. Underlying it all is…
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Posted in Global Economy
Tagged economic policy, European Central Bank, European sovereign debt crisis

After three years of burying their heads in the sand (for political purposes, I assume), Spanish officials finally asked for a €100 billion bailout for their country’s banking system. I…
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Posted in Global Economy
Tagged bailout, euro, European sovereign debt crisis, Eurozone, Spain

Everyone remembers where they were when the attacks of September 11, 2001 happened. I was at a conference in Montreal, watching CNN in horror as the Twin Towers collapsed, taking…
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Posted in U.S. Policy & Politics
Tagged budget surplus, debt, deficit, emerging markets, European sovereign debt crisis, fiscal policy, investors, Treasury, U.S. Treasury, yields