January 12, 2012

The Bankruptcy of Austerity Economics

Conservative conventional wisdom collided this week with a dose of economic reality, and the winner is reality. For two years,…Continue reading

December 6, 2011

Will Europe Step Back from the Brink this Week?

On the edge and the eve of a financial market meltdown, Germany seems to now accept that the Eurozone sovereign debt crisis poses the greatest danger to the European,…Continue reading

November 9, 2011

Is This the Final Countdown to a Global Financial Calamity?

Ground zero of the European sovereign crisis has moved from Greece to Italy, and that’s very bad news for Europe,…Continue reading

March 31, 2011

Forget about Spending and Get Serious about the Economy

Washington today, especially the Congress, has a textbook case of cognitive dissonance. A confluence of black swan developments may well…Continue reading