A Chiseler As Well As A Deadbeat

February 13, 2013

Investors fishing for returns in Argentina recall the old joke about a stick with a hook at one end and a fool at the other.

Comments Off

We’re Spectators To Europe’s Show

August 9, 2012

The Olympics are not the only events in Europe that have Americans riveted, though we’re unaccustomed to watching from the sidelines.

Comments Off

The Euro Lifeboat

December 2, 2010

Citizens of Germany, Greece and Ireland are all learning an important lesson: When you share a lifeboat with someone, you can’t each go your own way. Germany is the biggest contributor to the $113 billion bailout that the European Central Bank and the International Monetary Fund cobbled together for Ireland last weekend. The seven-year package of loans, totaling 85 billion euros at an average interest rate of 5.8 percent, guarantees …

Comments Off

The Dog That Did Not Bark

May 20, 2010

Something pretty significant did not happen yesterday, and because it did not happen, not many people paid attention to it. But it is pretty significant nonetheless. Greece did not default on a public debt of €8 billion that came due yesterday. It had the cash to pay its creditors on time, courtesy of the massive rescue package that its fellow members of the euro zone made available earlier this month. …

Comments Off

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. …

Comments Off

Doctor’s Orders For The Global Economy

September 30, 2009

Next time I see him, my doctor is going to tell me to eat better, exercise more and get plenty of rest. Just what he told me the last time I saw him and the time before that. It’s good advice, and I don’t ignore it, exactly. But I don’t really follow through the way he wants me to, or the way I know I should. Life seems to get …

Comments Off

Sorry, you can not to browse this website.

Because you are using an outdated version of MS Internet Explorer. For a better experience using websites, please upgrade to a modern web browser.

Mozilla Firefox Microsoft Internet Explorer Apple Safari Google Chrome