March 16 of this year I received a letter from Bank of America: "Although you have missed several of your monthly payments, it is not too late to get help. Please act quickly before time runs out." I suppose 40-odd missed payments can safely be counted as "several." But time running out? Methuselah should have such a surplus.
The wages of sin -- in the minds of Europe's born again Puritanical elites who observe the caveat that financial elites have a special dispensation from the Heavenly Father who already have squeezed through the eye of the needle.
Has the New York Times ever had Krugman spend two hours educating its financial reporters about austerity and the euro's design defects? That would be one of the best investments it could ever make in raising the quality of its reportage on these issues.
The current crisis is an opportunity in disguise. If the European leaders seize the chance, they can improve competitiveness and thereby living standards in the south and east, while increasing the legitimacy of the EU at the same time.
From Prime Minister Mariano Rajoy to the king's son-in-law, Spain faces of a crisis of leadership, consumed by economic corruption and scandals born of greed.
This week a group of government officials, meeting in a Moscow hotel, could set in train advice for their G20 leaders that creates jobs and restores balance to a global economy wrecked by inequality.
Challenging but accessible, The Leaderless Economy: Why The World Economic System Fell Apart And How To Fix Itprovides a clear and compelling analysis of the roots of our global financial crisis and the lessons we can learn from it.
If you want to know why relying on information supplied on the internet by anonymous strangers is a bad idea, look no further than Wikipedia's articles on finance.
Little has been done to correct the fundamental flaws that spawned Europe's ill-fated common currency, the Euro. Premature optimism relieves Europe's ever cautious policy makers from taking the bold steps needed to truly stem the crisis.
Davos provides the perfect opportunity to learn about what has worked between 2008 and now, and what hasn't worked. Europe must re-price itself back into global markets while holding onto the gains it already has in social cohesion and environmental sustainability.
Japan was like a rich man with a lot of savings, but it has spent too much over the last 20 years. The United States is still a reserve currency country, but its deficits pose a threat as the national debt becomes a serious issue for its economy.
If the global economy was about to make a significant move to the upside, why haven't industrial commodities and equity markets begun to price in that improvement -- especially in consideration of the massive amount of liquidity that has been added by central banks?
While the world is still adjusting to and trying to recover from the worst global economic crisis to occur since the Great Depression, I am focused on what comes next.
The frustration of those of us arguing for pragmatic reforms and unbiased research should be evident. I am thankful that here in the United States, the SEC has at least begun to realize the need for more independence in its research and panels, and I hope that trend continues.
On both the financial catastrophe and the storm, Governor Romney got it completely wrong. Now, in the wake of Hurricane Sandy, Romney looks all wet.
The global financial crisis has reversed an expansionary trend of international activities by banks from advanced countries that had been at play for decades.