I had intended my commentary here to be on US interest rates but I have already written that (silver level) post. So I will refer you there. Instead, I will mention Europe again because the links are filled with European stories. I think the thread running through these posts is that Spain and Ireland are to continue cutting this year to make their targets and that this will suppress demand in those economies. The logical question then is whether the cuts will be enough to meet targets. If not, why not? What are the consequences of not meeting targets?
In Ireland, the government is conducting a fire sale. I have been saying for some time that the logical outcome of the problems in Ireland are the same as in Greece i.e. a wholesale giveaway of state assets to foreigners. Moreover, that l...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.