Tag Archives: Euro

Central Banks, Interest Rates, and Zombies

In 2013 I wrote an Overview of the U. S. Monetary System   describing what money is and how it is created; interactions of the Treasury, the Federal Reserve, and commercial banks; and government and trade deficits. Much of this … Continue reading

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Ugly Map of European Unemployment

The Swedish economics blog Flute Thoughts has posted this map of 2011 employment by region in Europe: [I first saw this as a cross-post in Zerohedge].  This map calls attention to the differences between the “core” and “periphery”. On a country-by-country … Continue reading

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Euro Debt Update: Backdoor ECB Bailout Buys Some Time

A month ago we posted on the dynamics of the sovereign debt crisis in Europe. The BBC has published   a handy flowchart with graphs that explains the origins of the problem. It all goes back to the decision of countries (originally … Continue reading

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Playing Chicken With Euro Debt: Why You Might Want To Get Your Money Out of Bank of America

A year ago we posted Why Is This Recession Dragging On? . There we noted that the key domestic problem is the high debt levels of private households, due primarily to the housing/mortgage boom and bust.  In 2008 to mid-2009 there was a … Continue reading

Posted in Economics | Tagged , , , , | 2 Comments