by Doug Short, Advisor Perspectives/dshort.com I am re-posting this commentary to share links to a fascinating series of articles called to my attention this morning by Kimberly Green: Declines in State Spending Lead to Soaring Student Debt A Brief History of Student Debt in the United States Will Student Debt Be America’s Next Financial Bubble? …
Tag Archives: default
Debt, Investments, and Dangerous Addictions: A Tale of Four Countries
Written by Elliott Morss In working overseas and doing research on countries, I have always been struck by striking differences and what explains them. Here, I look at four countries: China, Greece, Japan, and the US. Why these countries? The US is the aging empire. In the 70s, it was thought Japan would be next, …
Continue reading “Debt, Investments, and Dangerous Addictions: A Tale of Four Countries”
Update: Greece, Eurozone and the IMF
by Elliott Morss Earlier, I noted there were two parts to IMF Stand-By Program for Greece: austerity and increasing its competitiveness. However, by the beginning of 2012, the IMF had concluded that the austerity part of its plan for Greece had failed. Why? Because: the austerity measures were so extreme that initial efforts to implement …
Comparing U.S. and Euro Crises
by Elliott Morss Introduction The best weather forecast comes from watching the trends: if the chance of rain increases as you get closer to the day of interest, it will probably rain…. So I start by looking at what has been happening to IMF, OECD, and World Bank predictions for economic growth for the next …
The Dance of the Weak Sisters – Part 2
Why Greece, Ireland, Portugal and Spain Should Leave the Eurozone
by Elliott Morss
In my last article, I argued that Greece, Ireland, Portugal, and Spain should leave the Eurozone. Why? Because, at the € exchange rate they must accept as long as they are in it, their costs are too high. Their costs being too high means their unemployment rates will remain at unacceptable levels and their trade deficits will continue. This article takes the form of an open letter to the Presidents and Finance Ministers of these four countries.