…spending (expenditures other than rent, debt payments, and necessities like medicine and groceries) and savings. The larger a borrower’s monthly student debt payments are relative to their discretionary income, the…

…web application Debt to the Penny. This handy application allows you to track Total Public Debt and its two components Debt Held by the Public and Intragovernmental Holdings to the…

…the Covered Bond Purchase program, amount to just 1.4% of 2010 Eurozone GDP. In stark contrast, the size of the Fed’s program broke 16% (and is rising) and the Bank…

…a larger than optimal currency area, that is, the Euro block. The introduction of the Euro caused a huge increase in the flow of loans from Germany to Spain. The…

…Greece stuck with the Euro in spite of absolutely appalling (unnecessary) costs. On the other hand, Germany could leave the Euro bloc. Germans never liked the Euro anyway. I trust…

While we are busy paying attention to the 550th edition of Republican-caused fake crises (aka the sequester), a much more real crisis is brewing in the Eurozone. Richard Field at…

…but have not fared any worse than many members of the Eurozone. Their decision not to enter the Eurozone itself is interesting and worth further analysis. But none of them…

…numbers in comparison tell a Phillips Curve story.  On the one hand indeed inflation in the US is now about 2% higher than in the eurozone; 7.9% compared to 5.9%….

…it’ll do). As the currency tumbled, Q2 nominal export income grew quickly over the quarter for the top 5 economies in the Eurozone: Germany, 6% France, 4.6% Italy, 8.3% Spain,…

…do with each other to start with. To understand this we have to back off and examine four different categories of debt: Public Debt, Debt Held by the Public, Intragovernmental…