International

Thursday, June 17th, 2010
"The current flap over the sustainability of Greece’s membership in the European Economic and Monetary Union (EMU) is reminiscent, in many ways, of the events leading up to the collapse of the Bretton Woods system—another ultimately untenable currency regime—which was put into place after World War
Wednesday, June 16th, 2010
The European debt crisis has demonstrated the painful costs of fiscal profligacy and short-sighted Keynesian stimulus.
Friday, June 11th, 2010
"A selection model for 68 countries between 1970 and 1998 is used to test the impact of International Monetary Fund (IMF) programs on international capital markets and examine how agreements are perceived by multinational investors.
Wednesday, June 2nd, 2010
"The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent.
Wednesday, June 2nd, 2010
"The causes of the global financial crisis of 2008 were almost entirely flaws in the credit system based on leverage, exotic financial instruments, and a sharp drop in American housing prices.
Tuesday, June 1st, 2010
"In conjunction with Wall Street investment houses, lenders created the increasingly risky loans designed to help Americans realize the dream of homeownership, giving birth to such questionable practices as no or minimal down payments, no income documentation and the deferral of principal and intere
Friday, May 28th, 2010

On Wednesday, I posted a Wall Street Journal article on the EU’s plan to levy taxes on banks that would fund a bank bailout system. The article states, 

Thursday, May 27th, 2010
"As a long-standing critic of the concept of a single European currency, I have not rejoiced at the current problems in the eurozone that threaten the very survival of the euro.
Thursday, May 27th, 2010
The willingness to work for the sake of future prosperity is a universal human quality, but people must believe there is a link between effort and reward.
Wednesday, May 26th, 2010
"A top Federal Reserve official said on Tuesday that European debt woes pose a risk to the US economic recovery, but expressed confidence the danger of contagion was small.
Wednesday, May 19th, 2010
"Inflations have undermined the cultural and economic fabric of society, bringing social chaos and revolution. One example is the Great Chinese Inflation of the 1930s and 1940s.
Wednesday, May 19th, 2010
"In the commercial, Whitacre says GM has 'repaid our government loan in full.' Rep.
Thursday, May 13th, 2010
"the world is facing a major sovereign debt crisis that will squeeze economic growth and possibly deliver a series of debt default events down the road.
Thursday, May 13th, 2010
"While few doubt that very high inflation is bad for growth, there is less agreement about the effects of moderate inflation.
Wednesday, May 12th, 2010
University of Maryland economist Carmen Reinhart recently published a book with co-researcher Kennet Rogoff presenting several hundred years of data on financial crises.
Tuesday, May 11th, 2010
"At a defining moment for the European Union, its largest country, Germany, appeared divided and its leader absent, raising significant concerns about what kind of leadership Chancellor Angela Merkel can offer as the region tries to stabilize financial markets and shore up its common currency."
Friday, May 7th, 2010
World-wide stock markets plunged yesterday as the ongoing sovereign debt crisis in Europe is worsening.

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