Tag Archives | interest rates

Did We Already Get Cyprused?

In covering the proposed Cyprus bank account seizure—which fortunately was voted down by the country’s parliament—I came across an odd defense of the proposal from New York Times business writer Andrew Ross Sorkin. The essence of Sorkin’s defense was that it had been 72 hours since the proposal was announced—a whole 72 hours!—and disaster had […]

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In seeking to save the economy from the consequences of one economic bubble, the top political and economic leadership of the country has created another, more dangerous one—and hardly anyone is talking about it. In fact, some of the charlatans who pose as economic commentators are assuring us that the looming disaster is actually good […]

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