Central Bank Power And Its Limit

September 10, 2012

Central bankers have the power to provide limitless cheap credit to governments, but that doesn’t fix the economy.

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A Year Of Spinning Wheels

December 30, 2011

The past year brought a lot of noise but not much movement. Next year may start out the same, but the election should give us some traction.

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Europeans Ask Themselves: What Is Europe?

December 9, 2011

Are Europe’s leaders trying to solve a crisis, or forge a new continental power? The euro’s fate may hinge on just what, exactly, Europe is.

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Sweet Music To Soothe The Savage Banker

September 16, 2011

All together now: “There Will Never Be Another Lehman.”

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Europe Accepts A Little Reality

July 22, 2011

A small dose of reality helped move the Greek drama closer to its conclusion yesterday Tragedies do not have happy endings.

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A Year Of Spinning Wheels

January 3, 2011

The past year brought a lot of noise but not much movement. Next year may start out the same, but the election should give us some traction.

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Sensible Measures In Europe

May 10, 2010

European leaders, with some outside help, have finally moved decisively to deal with the debt crisis that was rapidly spreading from Greece to the rest of the world. The measures announced last night make sense and should restore calm to global financial markets — for now, at least. The extraordinary steps agreed to by the 16 nations that use the euro are reminiscent of the emergency measures that the U.S. …

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Finance Oracles See Trouble Ahead For Greece

Finance Oracles See Trouble Ahead For Greece December 23, 2009

(Photo ©iStockphoto.com/mbbirdy) When most people think of Greece, they imagine warm ocean breezes and tranquil seaside fishing towns. But these days, when European leaders talk about Greece, the mood is anything but calm. After years of imbalanced budgets, government corruption and widespread tax evasion, Greece is now on the brink of a full-on financial crisis. The country’s debt totals 110 percent of gross domestic product. This year’s deficit is expected …

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