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We’ve been hearing about Greece for months. On Monday, investors fled Italy’s bonds. /The gap between Italian bonds and German bonds (the European standard, just as the United States is the world stard) leaped by 100 basis points or one… Continue Reading →

The Wall Street Journal published an article on Monday, July 11, 2011, “EU Calls Top Offiicals To Meet On Greece Aid”, to announce that Herman van Rompuy, the EU President, called a meeting of top EU policy makers to discuss… Continue Reading →

If we had another Three Mile Island, I don’t think the United States would turn off all its nuclear reactors. But then we won World War II partly because we were the inventors of the atomic bomb, which came before… Continue Reading →

They ought to turn the Greek Debt Crisis into a Monopoly-style game and sell it. They could give Greece another rollover every time you passed go and got $200.00. The sales might produce enough money to ransom Greece. Now the… Continue Reading →

Jean Claude Trichet signaled what was really going on in the EU when he announced that the interest rates were being raised to 1.5% from 1.25%, the second rate increase this year. This is not political and it’s not showmanship… Continue Reading →

France’s plans for involving the private sector in financing Greek bonds and Greek debt has met with the disapproval of ratings agencies which proclaim that they would create a “selective default”. That resurrects Germany’s original plan for involving the private… Continue Reading →

Germany’s next Olympics and its Olympic vision of itself and the image it wants to project to the world will not be on display during the Winter Olympics of 2018. Today they came in second and lost the bid to… Continue Reading →

Germany wants to involve private investors in the Greek bailout plan. They say they support the French plan to rollover 30 billion euros into the new Greek bonds so the countries involved and the IMF would have to pay less…. Continue Reading →

In an article in the Wall Street Journal for Saturday, July 2, 2011, “Euorpe’s Central Bank Faces Credibility Test”, the ECB said it would never buy back bonds involving sovereign debt. Then it reversed itself and affected its credibility. Now… Continue Reading →

In an article on Saturday, July 2, 2011, “Russia To Deploy Troops To Defend Interest In Arctic”, the Wall Street Journal discusses how two army brigades are being sent to the north to defend Russia’s interest in its arctic resources…. Continue Reading →