Tag Archives: debt
The deleveraging divergence
Back in 2008 when it entered our vocabulary, The Economist called deleveraging “a fate worse than debt.” The process of reducing leverage — borrowed money — from personal, corporate and governmental finances is expected to take several years, if not … Continue reading
Many things could go right for the U.S. economy
It has been hard to avoid negative news recently. We all know that there is a debt crisis in Europe, unemployment and home price declines remain problems in the U.S. and political combativeness has drained confidence in U.S. leadership. While … Continue reading
European debt crisis presents difficult challenges
The government debt situation in Europe has been the largest driver of market volatility over the past two months. Concern continues to grow that select European countries are close to defaulting on their loans. European banks may have catastrophic exposure … Continue reading
Sovereign Debt Crises Are Nothing New
Government debt problems in Greece and some of its European neighbors have generated a lot of news over the past several weeks. Viewed with the long lens of history, this problem could generate a sarcastic, “So what’s new?” Greece has … Continue reading
Greece, land of the gods and debt
With all the attention over the past year on Greece and its debt, it’s interesting that a Greek Goddess is now being used to explain a potential outcome for the European economy. Blackrock, in its 2012 Outlook, described its worst … Continue reading →