Tag Archives: debt

Why the Eurozone and the Euro Are Both Doomed

Beneath the permanent whatever it takes “rescue” by the European Central Bank (ECB) lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse … Continue reading

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Trump Already Fading into Irrelevance

Eric Zuesse, originally posted at strategic-culture.org This will be a nonpartisan commentary about U.S. politics, as viewed by an American historian who is disgusted with the profoundly corrupt U.S. Government — not merely the political Parties, but the billionaires who … Continue reading

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Why the Coming Wave of Defaults Will Be Devastating

In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit in the U.S. Note that the relatively tiny decline in total credit in 2008 … Continue reading

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Why Helicopter Money Won’t Push Stocks Higher

The possibility that Japan might launch helicopter money stimulus sent global stock markets soaring in a paroxysm of pleasurable anticipation. But exactly what is helicopter money and what connection does it have to stock valuations, if any? Broadly speaking, helicopter … Continue reading

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We’re in the Eye of a Global Financial Hurricane

The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane. The Keynesian god of growth has failed. The Keynesian god of borrowing from the future to fund today’s consumption has failed. The … Continue reading

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