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  • greek bailout

    Morning Bell: The Grecian Formula for Economic Decline

    The President and his team have been blaming “European headwinds” for some of the U.S. economy’s woes. But the truth is that the policies pursued by Washington and Athens are frighteningly similar—and the outcomes are not good for either country. Both countries are in need of comprehensive fiscal reforms, yet … More

    The Greek Myth

    How did Greece get into its fiscal situation? It’s best explained in a parable. Helen is an elegant, if somewhat faded, woman of a certain age. She has impeccable taste and indulges herself freely. She supports her debonair lifestyle with a cushy government job where she is paid for 14 … More

    Europe 2010: A Glimpse of America’s Economic Future?

    The Greek financial crisis and its spillover effects in Europe provide a scary look at America’s possible economic future if we don’t get our economic house in order. Underneath the big bailout numbers ($146 billion rescue package for Greece; trillion dollar support for the Euro and European government bonds) are … More