Greece’s crisis has invited comparisons to the 1953 London Debt Agreement, which ended a long period of German default on external debt. Unfortunately for Greece, the motivations driving the 1953 agreement are nearly entirely absent today.
Read more...Relocalization has the potential to increase political accountability and revitalize communities. But how do you make it happen?
Read more...The debate over Greek debt sustainability is muddied by the fact that different analysts use different definitions. But once you use realistic assumptions, as in “tails risks” are actually pretty likely, Greek debt is obviously not “sustainable”.
Read more...Human dynamics, which over time played right into the Germans’ and other hardliners’ hands in the earlier chapters of the Greek bailout talks, may now be working against them.
Read more...China is a case study of how liberalization of financial markets has never contributed to stability.
Read more...When a Liberal government in Australia won’t back Obama’s “deal is near” party line on the TPP, you know it’s on the verge of being officially dead.
Read more...Does it make sense to look at the Saudi strategy within the oil industry alone, or do analysts need to start factoring in deflationary economic policies around the world?
Read more...Greece and its creditors have reached agreement on key terms for a so-called “third bailout”
Read more...Oilfield services providers like Halliburton and Schlumberger are so desperate to keep the fracking party going that they are extending credit to already-levered frackers.
Read more...Inflation doesn’t reduce the burden of debt, rather it may (or may not) accompany a rise in nominal worker income.
Read more...Despite the 7% GDP growth published and hotly defended by the Chinese government, it is increasingly clear that the country is beset with a host of immense problems, after a debt-fueled binge of overbuilding and over-stimulating.
Read more...Yet again, HIllary Clinton tries to distance herself from her “sell out the middle class” policies, this time on “free trade”.
Read more...The Republican candidates for President all made shameless appeals for even more plutocracy, in particular preferential treatment for the rich.
Read more...If Greece decides to exit the euro and abrogate contracts, it is not likely to fare well in the tidal wave of lawsuits and arbitration cases that would ensue.
Read more...A proposal for breaking Greece’s vicious debt cycle.
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