The Eurozone is doomed, with or without ECB debt purchases. Until Euro members face realities, severe economic problems and political unrest will continue.
There is a lot of talk about how lower oil prices will benefit consumers. But there is also the question of how leading oil exporters will handle much lower oil revenues. This article examines this question.
Geithner Redux: More Will be Learned From Starr International Co., Inc. v. United States, Case No. 11-00779(C) (Fed. Cl.)October 1st, 2014 | © Elliott R. Morss, Ph.D.
Not many have heard of the Starr lawsuit against the US government. It is a very interesting case and should provide new information on why AIG was forced to pay off banks in full. This was done even after AIG representatives said they thought they could get banks to settle for 60 cents on the dollar.
Some are suggesting the Eurozone is finally recovering. There are two problems with this statement: The Eurozone is a set of disparate countries; some are doing a lot better than others.