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Friday, May 18, 2012
There's no question that Greece must abandon the Euro. The political charade has gone on to long and can no longer mask that fact that unless can devalue its own currency, it will never earn enough funds to repay its Euro-denominated loans. Greece has borrowed too much for too long to bolster its social spending and rich-country lifestyle. It has no real chance to repay its debts without devaluation. Sound like any other country you know -- or live in?
Additional Opinion Articles
by Alan Tonelson, Thursday, May 10, 2012
by Alan Tonelson, Wednesday, April 18, 2012
by Alan Tonelson, Thursday, April 12, 2012
by Alan Tonelson, Friday, March 30, 2012
by Alan Tonelson, Monday, March 12, 2012
Up to the Minute Commentary:
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The JPMorgan-Trade Deficit Connection
Although you wouldn't know it from the news coverage, last week's announcement of a huge Wall St. trading loss and the latest jump in the U.S. trade shortfall are thoroughly intertwined.
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Thomas Jefferson, Industrialist
A recent visit to Monticello reveals a surprise about the third president's business career -- and a sad 21st century reality at the gift shop.
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