Housekeeping
I am traveling to the ICAPE conference in Amherst through Sunday, so I won’t have much, if any time, to post until early next week. Meanwhile enjoy the weekend and watch that Euro crisis. Let’s hope things don’t go too far awry.
Economics / banking, California, creditors, Euro, Greece, interest rates, Italy /
Italy on the Brink
By now you know the news: Italian bond prices have climbed to levels only recently reserved for the likes of Ireland, Portugal, and Greece. A catastrophe is on the horizon. We need not dwell on the details because the situation is too fluid. The Italians have postponed remedial action for way too long, and the […]
Gathering Clouds – Poverty, Banking, and Debt Limits
This is a once in a lifetime moment. Fortunately. None of us want to live through a repeat of the turmoil currently roiling the world economy. With that portentous statement out of the way, let’s consider the chaos around us. Last Friday we read a breathless article in the New York Times pointing out that […]