The fiscal crisis in Greece is deepening, today she stands at a budget deficit of almost 13% of GDP. I fear that the longer Athens waits to adopt a credible solution to deal with the country’s economic troubles the worse it will get. The cost of Greek debt has already been blamed for the currency decline of the EuroContinue reading “Effort = f(volume, distance, friction)… The Fiscal Crisis in Greece.”
Tag Archives: debt
The World’s Crisis Leader, Who Has EMERGED? (lesson of moral hazard)
Of what individuals and or institutions pertaining to leadership are we speaking? It appears the same ‘moral hazard’ that was in existence before the economic crisis of 08′ is exactly what is leading the ‘rescue.’ The mere manifestation of a ‘fund’ (IMF, WB) or organization (G20) that encourages countries to create large debts, should not exist withoutContinue reading “The World’s Crisis Leader, Who Has EMERGED? (lesson of moral hazard)”
"I've got a new invention. It's a revolving bowl for tired goldfish." 