Category Archives: BIGPIGS
The IMF is asking politicians not to implement so-called ‘austerity’ budgets. Good grief. That Europe, the US, and many other economies are falling into recession is regrettable. But it is neither surprising nor stoppable. There are a myriad of reasons the US and European economies are in economic recession (the odds are good the US and any remaining portion of Europe not already in […] Read the rest of this entry
Big Picture: The many $T in personal, bank, and sovereign debt that was built-up — here, in Europe, and in Japan is not all going to be paid back — not in paper currencies that are worth the same value. The process of delivering that loss is in its 5th year and is going to take at least a decade more. We’re at […] Read the rest of this entry