Globalization Faces Challenges

Globalization Faces Challenges

For much of the second half of the 20th Century, and even into the new millennium, “Globalization” was the dominant theme used to describe the drift of the world economy. It was widely considered both natural and inevitable that the world economy would continue to...
War on Cash Spreads to India

War on Cash Spreads to India

Over the past year, central banks, commercial bankers and prominent economists have expressed the view that digital money and transfers should replace large denomination cash and cash transactions. This dramatic transition has been fostered under the guise of the...
Geopolitics Trumps Economics in Greece

Geopolitics Trumps Economics in Greece

Based on the continued failure of the negotiating parties to make any substantive progress in the talks over Greek debt payments, the financial world is tied up in knots over a possible Greek exit from the European Union. The uncertainty has manifested in both high...
Greek Problems Born from Socialism

Greek Problems Born from Socialism

Like many of the important discussions in the economic world today, the negotiations between Greece and its European creditors has become increasingly absurd (see “A Patient Fed Considers Losing Patience” in our latest newsletter). Late on Friday, February...

Greece Dependency Has Created Dangerous Illusions

Once again the crisis in Greece is threatening the unity of the entire euro zone. Many analysts are asking what must be done to restore viability to the Union’s weakest link. Lost in this discussion is that modern Greece, formed in 1830, has never really been...