Euros & Dollars: The Three Phases of U.S. Fiscal Decline
Congress is borrowing 26 cents of every dollar they spend. Only structural spending reforms can prevent a fiscal meltdown—and time is running out.
Congress is borrowing 26 cents of every dollar they spend. Only structural spending reforms can prevent a fiscal meltdown—and time is running out.
The German government again suspends its debt brake. So far, their country has been saved by its formidable export machine. Those days are gone.
Poles have learned the hard way that there are no holidays from history.
The U.S. government is doing everything wrong with its finances. Its current debt management strategy is downright stupid. Are they trying to fabricate a fiscal crisis?
America is not in a recession. But is one coming? We have the answer.
A euro-zone membership would put Sweden on a fast track to a fiscal crisis like the one in the 1990s. That would be bad: the country cannot absorb the fallout from repeating its disastrous mistakes from back then.
If Sweden were to join the euro, its economy would be less unstable, but more stagnant. The situation for Swedish households and domestic-oriented businesses would go from bad to worse.
The Greek economy was almost destroyed because politicians prioritized the Greek budget deficit over the Greek economy, and because economists at the IMF were not properly educated.
A review of the economies of each of the 27 EU member states.
A new economic forecast points with near certainty to a U.S. debt crisis in the near future.
Poles have learned the hard way that there are no holidays from history.
The U.S. government is doing everything wrong with its finances. Its current debt management strategy is downright stupid. Are they trying to fabricate a fiscal crisis?
America is not in a recession. But is one coming? We have the answer.
A euro-zone membership would put Sweden on a fast track to a fiscal crisis like the one in the 1990s. That would be bad: the country cannot absorb the fallout from repeating its disastrous mistakes from back then.
If Sweden were to join the euro, its economy would be less unstable, but more stagnant. The situation for Swedish households and domestic-oriented businesses would go from bad to worse.
The Greek economy was almost destroyed because politicians prioritized the Greek budget deficit over the Greek economy, and because economists at the IMF were not properly educated.
A review of the economies of each of the 27 EU member states.
A new economic forecast points with near certainty to a U.S. debt crisis in the near future.
There was a lot of media attention recently to Germany being in a recession. The only problem is that those who said so, were wrong. Here is why.
How is NATO going to respond to the problem with its rapidly depleting stockpiles of military hardware? They can’t spend more money.
Judging from the comments by central bank president György Matolcsy, Hungary could join the euro in 2030 or soon thereafter. Would such a membership be good for Hungary?
The new debt-ceiling deal has its merits, but it also kicks the big spending reform can down the road. It also ignores the broader threat to the U.S. economy: de-dollarization. On that front, there is one event that could end dollar hegemony with one stroke of the pen.
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