Browsing All Posts published on »April, 2010«

Bailouts in a free market economy only postpone Doom’s day!

April 30, 2010 by

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The worst thing that could happen for Greece is a bailout without radical fiscal adjustments. Bailouts also set bad precedents. Unless we rein in on government spending and find ways to slash government debt, financial doom is slowly approaching! Advertisements

Greek default: the winners and losers…

April 30, 2010 by

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Jacob Kirkegaard, a research fellow at the Peterson Institute for International Economics in Washington, talks with Bloomberg’s Pimm Fox about the prospects of a Greek debt default.

The Calm before the Storm: The Greek Fiscal Crisis, not just a European Problem but a Global Problem?

April 29, 2010 by

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Written By Orphe Pierre Divounguy With US Banks’ stocks performing particularly well today, do we have nothing to fear from the Europeans’ hysteria over the Greek fiscal crisis? So much has been said about the Greece economy directly affecting its neighbors and even hurting the Euro. Although it is a very valid argument, and a major […]

Former Senior Economist on the President’s Council of Economic Advisors: Laurence Kotlikoff has a plan for banking reform!

April 28, 2010 by

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On Tuesday April 27th, I attended a seminar at the Carnegie Endowment for International Peace in Washington DC.  The event was a presentation of prominent economist Laurence Kotlikoff’s new book in which he makes a case for radical banking reform.  The book received praise from 5 Nobel Laureates in Economics: “Jimmy Stewart Is Dead is a […]

Greece’s Debt Crisis: A Sign of Things to come to a Hugely Indebted America?

April 28, 2010 by

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Written by Orphe Pierre Divounguy The Greek government 2010 budget deficit calculated at 13.6% of GDP is simply adding to the highest debt to GDP ratio in the EU (113% of GDP).  The rising debt has led to high borrowing costs, the inability to repay its debts and a severe economic crisis.  The recent current […]

Milton Friedman on Greed

April 27, 2010 by

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Milton Friedman: “Do American presidents choose their political appointees on the basis of virtue? Is political self-interest somehow nobler than economic self-interest?”

SEC vs. Goldman Sachs: what does it mean for the economy and the American middle class?

April 27, 2010 by

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Politically driven or not, the US government couldn’t have picked a worst time to bring accusations against Goldman.  Has anyone stopped to think that if in fact we are at the beginning of a recovery from the worst recession since the Great Depression, this assault on Goldman will hurt and slow down our economic recovery?  What […]