Tag debt

How bad is it getting in Greece?

Bad enough that reverse migration is now happening. People are leaving Athens and moving to rural areas to escape the explosive political situation, high cost of living, and shuttered businesses. “Athens has failed its young people. It has nothing to…

California could default on its debt

Like a heroin addict needing one last fix, California wants to stop. But, just one more injection of that sweet bond income and then tomorrow it’ll get its financial house in order, really, that’s a promise. California has huge debt…

Ireland bailout saves the bankers

“We are screwed because of the wrongdoing of others.” – Speaker in Irish Parliament Our current financial mess won’t end until bailing out companies and countries with hundreds of billions by governments to protect bonds and loans (and making the…

The commercial no network will air

http://www.youtube.com/watch?v=ZOpyggmTmeE&feature=player_embedded Alarmist? Crazy? I’m no deficit hawk, but at some point the US needs to realize it can not continue to borrow and print money with no little thought given as to how much is owed and how it will…