Economist Paul Krugman recently gave an interview to German magazine Der Spiegel in which he argues that this is not the time to worry about debt and inflation. Here are some choice excerpts: On Greece leaving the euro zone: What happens if Greece leaves? Then you have again a bank run in other peripheral countries because they’ve set…
Here is what I am reading: For growth, focus first on jobs (Reuters/Blogs) Hollande Steals the Show from Merkel (Spiegel Online) UK economy’s fall into recession deeper than expected (Guardian) Fed Watch: The Fed and the Fiscal Cliff (Economist’s View) The Seeds of the EU’s Crisis Were Sown 60 Years Ago (Bloomberg) Hey, Germany: You Got…
May 24, 2012 issue of Financial Times says ‘Death of Equities?’. It says no one wants stocks. The last time a major publication came out with a similar headline was Business Week on August 13, 1979. This is how Dow Jones Industrial Averages performed since then:
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