Posts Tagged ‘ deficits ’

California Is America’s Big, Fat Greek Tragedy

Feb 18th, 2010 | By | Category: Economics, Featured, International
Greece is the insolvent, bankrupt country that threatens to bring down the entire EU (European Union) with its exploding and toxic national debt. But it’s just one of the PIGS- Portugal, Italy, Greece and Spain. The EU is damned if they do, damned if they don’t. If they choose to ...read more

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Posted in Economics, Featured, International | 17 comments


Greece a Canary in the Deficit Mine

Feb 16th, 2010 | By | Category: Featured, Macro Economics
So, who gets to play Lehmans in this comedic repeat...? Isn’t Greece marvellous? Paying income tax, or any kind of tax it would seem, has been entirely optional. Which should have powered its economy like 1960s’ Hong Kong. But public spending, however, accounts for 40% of GDP. So who financed that spending if ...read more

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Posted in Featured, Macro Economics | 3 comments


Whence the Money for Gonverment to Waste?

May 4th, 2009 | By | Category: Featured, Macro Economics
Finally…we’re back in London. We left at the beginning of April…went to San Diego and Los Angeles…then to Buenos Aires and Salta…then to Paris for a few days.. and now we’re back. London is cold and rainy…just like we left it. Not exactly home…but it will do. But what’s this? The City ...read more

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Posted in Featured, Macro Economics | 3 comments