Subscribe: RSS Feed | Twitter | Facebook | Email
Home | Contact Us

Posts Tagged ‘This Time Is Different’

“Beware of Pied Pipers Touting Quick Fixes”

Posted by Larry Doyle on September 21st, 2010 5:51 AM |

Although our elected officials in Washington and around our country typically have foresight that lasts no longer than 24 months (every other November that is), the simple fact is our economy runs in much longer cycles and has a much deeper foundation than that.

To that end, how does America reconcile an economy which is fundamentally broken while simultaneously electing officials who will not make promises that can’t be kept but promise sacrifices which must be borne? If these officials can get elected at all (a big “IF,” mind you!!), perhaps they can get America to read and appreciate the sharp mind of an economist such as the Sense on Cents All Star Kenneth Rogoff. (more…)

Rogoff: EU Bailout Will Not Stop Defaults

Posted by Larry Doyle on May 19th, 2010 8:57 AM |

Kenneth Rogoff

Shock and awe? The trillion dollar bailout of the debt-ridden nations within the EU was supposed to backstop the Euro and put investors at ease. As of this juncture, the politicians and central bankers are likely the only individuals left shocked and awed.

Rather than writing checks and overpaying for debt, perhaps these politicos and their central banker friends should call on those who have studied global economic and financial crises. Like who? Harvard’s Kenneth Rogoff, who pointedly details that the very structure of the EU-bailout will be insufficient in forestalling defaults within the EU. (more…)






Recent Posts


ECONOMIC ALL-STARS


Archives