Spanish economy again showing cracks Americablog. Excerpts:
This sounds like another "not if, but when" problem for the Spanish economy. The immediate focus today is on Greece but if this bond sale is any indication, Spain may be the next concern. The problems in Greece, Ireland and Portugal will be minor compared to Spain due to the size of the economy.
Greenspan: The 'almost certain' Greece default could cause US double-dip And he oughta know, considering the major part he's played creating this global financial Apocalypse. Excerpts:
Some of the most important debate over responsibility for the economic and financial market mess we now find ourselves in comes in the treatment of former Fed chief Alan Greenspan who, surprisingly, keeps popping up in the news after offering opinions to captive audiences as part of a quite lucrative post-Fed career as a public speaker.
What is most surprising about these accounts is that they no longer routinely carry the disclaimers that once adorned nearly every story about the former Fed chairman back in 2007 and 2008 - about how Alan Greenspan is thought to be largely responsible for our current predicament.
Typical of the lot is this report in Bloomberg by Joshua Zumbrun that treats yesterday's speech before a gathering of Credit Union representatives in Washington as the observations of an interested bystander rather than someone who was controlling the most important interest rate levers and directing the nation's regulatory bodies during the gestation period of the monstrous bubble.
And:
By a fairly wide margin, Alan Greenspan was judged "the economist most responsible for causing the Global Financial Crisis" with Milton Friedman and Larry Summers finishing a distant second and third, respectively.
I wonder if Greenspan ever wonders if he'll live long enough to stand trial.
What is this; Day 2? Video of the Riots in Athens.
The entire Eurozone is under pressure. How will that intensity manifest?
This sounds like another "not if, but when" problem for the Spanish economy. The immediate focus today is on Greece but if this bond sale is any indication, Spain may be the next concern. The problems in Greece, Ireland and Portugal will be minor compared to Spain due to the size of the economy.
Greenspan: The 'almost certain' Greece default could cause US double-dip And he oughta know, considering the major part he's played creating this global financial Apocalypse. Excerpts:
Some of the most important debate over responsibility for the economic and financial market mess we now find ourselves in comes in the treatment of former Fed chief Alan Greenspan who, surprisingly, keeps popping up in the news after offering opinions to captive audiences as part of a quite lucrative post-Fed career as a public speaker.
What is most surprising about these accounts is that they no longer routinely carry the disclaimers that once adorned nearly every story about the former Fed chairman back in 2007 and 2008 - about how Alan Greenspan is thought to be largely responsible for our current predicament.
Typical of the lot is this report in Bloomberg by Joshua Zumbrun that treats yesterday's speech before a gathering of Credit Union representatives in Washington as the observations of an interested bystander rather than someone who was controlling the most important interest rate levers and directing the nation's regulatory bodies during the gestation period of the monstrous bubble.
And:
By a fairly wide margin, Alan Greenspan was judged "the economist most responsible for causing the Global Financial Crisis" with Milton Friedman and Larry Summers finishing a distant second and third, respectively.
I wonder if Greenspan ever wonders if he'll live long enough to stand trial.
What is this; Day 2? Video of the Riots in Athens.
The entire Eurozone is under pressure. How will that intensity manifest?
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