Given what most economists now know, few would actively argue that Greece’s entrance into the Eurozone back in 2001 was a good idea. In fact most concede it was a terrible idea based on bad forecasting and outright fraud.
There is little disagreement over the fact that Greece grossly misrepresented its financial position in order to gain initial entry into the monetary union. It is also widely agreed upon that in the ensuing decade Greece exploited its monetary advantages to borrow irresponsibly. - in Market Playground
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
The Japanese Will Suffer, But Stockbrokers, Currency Traders Will Do Better - "One hundred twenty-five million Japanese stand to lose the most because of inflation. Everything Japan imports is going to go up dramatically in price. Th...
2 hours ago