Saturday, November 5th, 2011
Sunday, October 16th, 2011
As the Wall Street Journal reports, 6 Yale economists convened
Thursday, October 13th, 2011
The Euro is Dead. Long Live the Euro
Tuesday, August 9th, 2011
I had a friend, we’ll call him George[i], who had a theory about how to best keep the carbonation in his beverages. It was very straightforward. It went like this: After opening, leave the cap off. Although it sounds ridiculous, this was his actual procedure. Don’t laugh. T
Wednesday, August 3rd, 2011
This week was of high political voltage because of the debt ceiling debate. Could the most important economy in the world default its debt? And in such case, what would happen, not only to the United States, but to the worldwide economy, given that we are in the midst of a financial crisis?
Thursday, July 28th, 2011
Fractional reserves is an important component of financial stability. Most of the financial regulation is aimed to control this aspect of banking practice such that banks do not become insolvent and a contagious set of bank runs gets into the financial markets.
Wednesday, July 20th, 2011
Lately, a lot has been said about Greece, Spain and Italy in the financial crisis affecting Europe. The fear is that these economies can affect the performance of bigger economies, like Germany, one of the largest economies in the world and the second worldwide exporter.
Wednesday, July 6th, 2011
The European countries seem to be facing a road with no easy exit. One on side they are facing fiscal deficits. On other side they are already dealing with an important debt amount that can hardly be sustained, as the case of Greece is showing these days.
Tuesday, July 5th, 2011
Ordinarily, “newcomers entering the field cannot compete immediately wit the established, reputable companies, and have to spend years working… to earn an equal reputation[i].” People have an incentive not to poison their neighbors – they have to see them everyday! And businessmen have an incentive not to injure their customers – they would like to see them every day!