OK

These diaries are the most Recommended for all time for this tag:
Ireland did everything right, according to the bankers of the world. They slashed wages, services, and public employment. After two years of sacrifice what do they have to show for it? Wages ...
by gjohnsit
Comment Count 537 comments on Tue Nov 16, 2010 at 10:00 AM PST with 509 Recommends
The last thing the world needs at a time like this is democracy. That is what got us into this mess in the first place. People wanting stuff, and voting for people who said they’d ...
by swellsman
Comment Count 224 comments on Sat Nov 26, 2011 at 12:55 PM PST with 360 Recommends
Sometimes a person or organization becomes so powerful and Evil that they appear cartoonish. It might seem impossible to find a similar character outside of a James Bond movie or a cartoon about a ...
by gjohnsit
Comment Count 121 comments on Mon Nov 26, 2012 at 09:22 AM PST with 275 Recommends
To my great surprise the Irish Times has published my letter on the bailout in full: The letter (below the fold) asks the basic question as to whether the bail-out is not only stupid and immoral,
by Frank Schnittger
Comment Count 193 comments on Thu Nov 25, 2010 at 01:32 AM PST with 265 Recommends
Noted [http://mitsloan.mit.edu/faculty/detail.php?in_spseqno=198&co_list=F M.I.T. economics professor and former International Monetary Fund (IMF) chief economist Simon Johnson] has just made some ...
by bobswern
Comment Count 250 comments on Mon May 28, 2012 at 01:39 PM PDT with 242 Recommends
With the stock market hitting new all-time highs and interest rates hitting new all-time lows , you might be under the impression that the economy is doing great. The layman and the news ...
by gjohnsit
Comment Count 263 comments on Tue Apr 30, 2013 at 05:33 AM PDT with 220 Recommends
Yesterday, the European Central Bank (ECB) announced that it will hand out $645,000,000,000 in three-year loans to European banks. Which the ECB printed out of thin air, like Monopoly money. The ...
by Alan Grayson
Comment Count 72 comments on Thu Dec 22, 2011 at 04:07 PM PST with 191 Recommends
Too often commentary on the European debt crisis has been like handicapping a horse race ("this country is leading the race to default, but this other nation is catching"). While interesting, ...
by gjohnsit
Comment Count 257 comments on Wed Sep 14, 2011 at 08:56 AM PDT with 190 Recommends
Generally news headlines that say something like "lowest in a century" are enough to merit your attention. So what does it mean when the news headline says "lowest since the Black Death"? ...
by gjohnsit
Comment Count 136 comments on Sat Jan 03, 2015 at 02:48 PM PST with 121 Recommends
Today, Paul Krugman writes about Europe's flailing elite insisting on how perfect their ...
by Armando
Comment Count 73 comments on Mon Sep 12, 2011 at 06:07 AM PDT with 108 Recommends
Suggestions to organise a massive bailout of the banks are being floated by central bankers this week-end: ...
by Jerome a Paris
Comment Count 88 comments on Sat Mar 22, 2008 at 01:29 PM PDT with 74 Recommends
A default by Greece appears imminent. The country cannot collect taxes, cannot implement reforms fast enough, cannot sell assets fast enough, cannot balance its trade account fast enough, and most ...
by randomfacts
Comment Count 176 comments on Sat Jun 18, 2011 at 01:18 AM PDT with 61 Recommends
The economic blogosphere lit up a couple weeks ago when the 90% debt cliff, pretty much the only empirical basis austerians have for imposing austerity during a weak economy, blew up. It reached the ...
by ericf
Comment Count 37 comments on Wed May 01, 2013 at 01:43 PM PDT with 55 Recommends
Okay, admittedly, the title is purposely provocative. Depending on how you define “bond vigilante”, and what government bond market you're talking about, they actually very much do exist. But ...
by aguadito
Comment Count 29 comments on Mon Feb 04, 2013 at 05:09 AM PST with 39 Recommends
According to the International Swaps and Derivatives Association (ISDA) , in an unanimous decision, Greece has suffered a "credit event" triggering Credit Default Swaps, from Official Report : The ...
by DSWright
Comment Count 60 comments on Fri Mar 09, 2012 at 12:00 PM PST with 31 Recommends
Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe’s debt ...
by shrike
Comment Count 72 comments on Sat Mar 16, 2013 at 03:00 PM PDT with 26 Recommends
The European Central Bank has been the primary leaders in the austerity push in Europe. So when the ECB opens a brand-new, state-of-the-art $1.4 Billion office tower in this environment of ...
by gjohnsit
Comment Count 47 comments on Wed Mar 18, 2015 at 02:01 PM PDT with 23 Recommends
Having written a piece on American Exceptionalism I thought it might be appropriate to turn my attention to the EU, and to try to define what makes it a unique constellation of notionally ...
by Frank Schnittger
Comment Count 48 comments on Mon Sep 29, 2014 at 09:45 AM PDT with 22 Recommends
For anti-capitalists, the impact of austerity measures was obvious. We were told austerity will lead to increased economic growth. Instead it creates unemployment, impoverishment of the poor and the ...
by NY brit expat
Comment Count 98 comments on Sun Oct 30, 2011 at 03:00 PM PDT with 21 Recommends
I once wrote a diary on the The negotiation Process and even considered making it the topic of a putative Phd. research proposal before deciding that the gulf between academia and practice was too ...
by Frank Schnittger
Comment Count 43 comments on Mon Mar 02, 2015 at 07:46 AM PST with 20 Recommends