testosteronepit's blog

With harsh long-term consequences for the heavily indebted countries.

Panic at the mere thought of rising real wages.

Merkel warned that Germany might be overwhelmed by its bailout efforts—a reluctance that turned Germany into a punching bag. Yet risks are staggering.

German individual investors are gobbling up Greek sovereign bonds!

It’s in their blood.

Former member of the Bundesbank and the ECB: The case of Greece is hopeless, a fiscal union won’t work, and they all know it.

Hank Paulson started the extortion racket. Greek prime ministers practice it weekly. Now Christine Lagarde jumped in too. Taxpayers please step up to the plate. Or else—

Beer, wine, mood, and San Francisco real estate –with more predictive power than is allowed by law.

To what banana-republic levels will real wages still have to sink?

The German industrial elite talks about exiting the Eurozone.... And to heck with Greece.

Eurozone special: the only developed economy where credit markets still have a say.

Hope is soaring. But the toughest creature out there, the one no one has been able to subdue yet, has other plans.

White House report claims credit for making America competitive with low-wage countries. But it wasn’t meant for the rank and file....

The economic superstar, with unemployment at a 20-year low and exports at an all-time high, produces 34% of the Eurozone’s GDP—and it smacked into a wall.

It’s the kind of fraud case that makes the taxpayer’s skin crawl. And it’s part of a vast scheme. But no insurance company would have fallen prey to it. Only Medicare....