Tag Archives: Debt

Debt, division & delay

…because we just don’t know what to do….meanwhile the Swiss were close to ban investment banking after UBS lost about 2.3 bio Euros on unauthorised trades.

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Caught in the mangle

How are the economic woes of Europe and the US impacting the rest of the world?

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The culture of balance

By Paul Krugman The facts of the crisis over the debt ceiling aren’t complicated. Republicans have, in effect, taken America hostage, threatening to undermine the economy and disrupt the essential business of government unless they get policy concessions they would … Continue reading

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Smash the Ceiling

By James Surowiecki In the past few years, the U.S. economy has been beset by the subprime meltdown, skyrocketing oil prices, the Eurozone debt crisis, and even the Tohoku earthquake. Now it’s staring at a new problem—a failure to raise … Continue reading

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Debt and default

A sea of money….

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The ceiling and the abyss

From the Economist GIDEON RACHMAN had a good thumb-sucker in yesterday’s Financial Times arguing that the current political-economic crises in America and Europe are basically two sides of the same crisis. “In Washington they are arguing about a debt ceiling; … Continue reading

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When austerity fails

By Paul Krugman I often complain, with reason, about the state of economic discussion in the United States. And the irresponsibility of certain politicians — like those Republicans claiming that defaulting on U.S. debt would be no big deal — … Continue reading

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The Truman Show

There is anarticle in the New York Times today, that speaks of the results of a poll conducted with 1224 adults nationwide, about their views on the economy, budget deficit and health care. I love the first couple of questions: … Continue reading

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Europe Re-divided

By George Soros The so-called euro crisis is generally seen exclusively as a currency crisis, but it is also a sovereign-debt crisis – and even more a banking crisis. The situation’s complexity has bred confusion, and that confusion has political … Continue reading

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