Category Archives: Economics

Will The Euro Collapse?

EFSF (European Financial Stability Fund) includes 27 members of the European Union and was created on May 9, 2010.    EFSF works closely with Germany to issue bonds on behalf of the insolvent European nations such as Greece, Spain, and … Continue reading

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Will The End Of QE2 Trigger The Next Depression?

It’s official.  The Fed decided not to renew QE2 and its time to bring back the depression forecasts that I’ve been making all year on this blog.  In the Fed Chairman’s speech, Bernanke victoriously claimed an end to the deflationary threat … Continue reading

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What Caused The Euro Crisis?

The euro boasts a common central bank but it lacks a common treasury.  Member countries share a common currency, but when it comes to sovereign credit they are on their own.  This fact was obscured until recently by the willingness … Continue reading

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Do You Believe In Economics? I Don’t

After studying two Economics classes in undergraduate school and one in MBA school, I thought at the time that it was a bunch of nonsense.   As a major in philosophy (minor in existentialism) and an investor with years of experience … Continue reading

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Are We Headed For A Global Depression?

The US current account deficit for two decades played a central role in fueling economic, corporate and monetary growth in export-driven countries around the world.  If the US could continue to expand its current account deficits and imports, the global … Continue reading

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What Caused The Great Depression?

History shows that powerful nations manipulate global currencies for their own domestic advancements.  In light of this propensity, nations have resorted to gold standards as a self-correcting mechanism for leveling out global trade imbalances.   A Gold Standard creates an … Continue reading

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