Alhambra Research Note: Update on Greece, the Euro, & Global Recession
By John L. Chapman, Ph.D. June 20, 2012 Washington, D.C. The Greek elections passed without incident on Sunday, and the so-called “center-right” party, New Democracy, captured 30% of the vote in a seven-party contest, and hence the right to form a government. President Obama was one of many political leaders who hailed the result as .. read more
Shouldn’t the Economy be Booming?
For all those who believe that government spending can get us out of this mess, Tad DeHaven has a very good question: But isn’t spending tons of money exactly what government at all levels has been doing in recent years? According to U.S. Bureau of Economic Analysis numbers, combined federal, state, and local expenditures in .. read more
Japan’s New Deal
Japan in the early 1990s looked a lot like we do today. A stock market bubble had burst in the late 80s and a real estate bubble in the early 90s. Japan’s politicians felt the need to do something about the economy and embarked on the greatest experiment in Keynesian stimulus since the Great Depression. .. read more
