Inside the Eurozone the creditors have too much power, because they can threaten to cut off money to a member’s banking system or throw you out of the club. The Eurozone has not learnt this lesson for obvious political reasons, which makes it a dangerous club to join.
Is the European Central Bank President too close to Europe’s banks? Someone thinks so. Read here
Gross domestic product in the U.S. declined at a 1.4% pace in the first quarter, below analyst expectations of a 1% gain. Declines in fixed investment, defense spending and the record trade imbalance weighed on […]
“The Federal Reserve has been single handedly financing the stock market and the bond market. The government has been giving away monopoly privileges to increase profits, to help support stock and bond prices, and that’s […]
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