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Things are getting heated in the Greek sovereign debt crisis – with the main battle lines being drawn between Greece and Germany. There are a lot of stories in the German press about Greek profligacy and cheating (see German-language links below video). Then there are the stories about Greek boycotts of German products and the [...]

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Part 1 below is background and analysis

 
Part 2 is where Hendry and Stiglitz talk bailout with the Spanish Ambassador to the UK. Sparks do fly.

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I have read a number of accounts in European newspapers. I am surprised at how many of them simply parrot the Financial Times Deutschland article about Germany bailing out Greece – a line which was later denied by the Germans.  Some did not even write their source as this French language article from Le Monde [...]

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I have shovelled snow for three days straight now. We got over 20 inches (50 cm) on Friday and Saturday. Yesterday morning, I went out for a brief drive to the grocery store. I was astounded how badly the major roads were plowed. There were almost NO patches were one could see actual pavement.
Now, another [...]

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This is how Stephen Roach describes the economy despite the largest monetary and stimulus in global history. Below is a TV interview Roach recently did on CNBC TV-18 as a video in two parts with the linked transcript at the bottom.  Roach says that historical precedent demonstrates recessions precipitated by large private sector debt burdens [...]

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The money line comes right at the end.

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I post this one half tongue-in-cheek (hat tip Scott).  A picture of Ben Bernanke was shown round to players from the Super Bowl’s Indianapolis Colts (once a local team here in the Baltimore-Washington area, but that’s another story).  These guys know their Fed Chairmen – that’s all I can say.
Pretty funny. Take a look. You [...]

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See also Supreme Court Ruling Spurs Corporation Run for Congress First Test of “Corporate Personhood” In Politics. 
Watch out Chris Van Hollen. We’ve got a new ‘person’ in the hunt for Maryland’s 8th district. That’s my Congressional District.

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This past Monday I was on the BBC talking about the recently unveiled Fiscal Year 2011 Budget proposed by the Obama Administration for the U.S. Federal Government.  The budget is, as with most things Obama, a tightrope walk between the two ends of the political spectrum.  On the one hand, the President wants to be [...]

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For your amusement as well as your understanding of critical banking and finance reform issues. The funny thing about Colbert and Jon Stewart, his partner in crime at Comedy Central, is that they have a certain bread and circus appeal to them, don’t they.  Is that what it takes to get Americans to take real [...]