Econ Comments
USA Today | Europe's debt crisis takes toll on international bonds funds
When you were young, your grandfather told you, "Son, never reach for yield." You passed that advice on to everyone you met, which explains why you didn't have a date until you were 37.
Blogs
Mercatus Center: Neighborhood Effects | Detroit within months of bankruptcy
Over the past several weeks, Detroit Mayor Dave Bing has offered a stark picture of the city’s near-term prospects. By April the government will run out of money. The city faces a shortfall of $45 million, with an accumulated deficit of $180 million.
NRO: The Corner | The Electoral Effect of Large Fiscal Adjustments
Cutting spending is often thought of as a sure way for lawmakers to lose their next election, but the data doesn’t seem to confirm this fear.
WSJ: Real Time Economics | EU Debt Story Isn’t Simple Morality Tale
In 2007, before the crisis struck, Spain had a modest debt load representing just 36% of its economy, according to European Union figures. And those responsible Germans? They had 65%.
Atlantic: McArdle | What Happened In Europe?
There has been a lot of rather vague opining. The vagueness seems to me a symptom of the deal announced this morning, which is less an agreement than a plan to make a plan.
