EppsNet Archive: Debt

Greece is Going Out of Business

I remember the good old days when we only had to worry about small banks going out of business. Then big banks started to go out of business, then non-bank financial institutions, and now small countries. The problem with having a lot of debt is that, with some exceptions (“too big to fail”), bad things happen when your investors get… Read more →

This Photo of A Guy Tap Dancing in a Pink Floyd Shirt Explains a Lot

A Wall Street Journal article on college students, the weak job market and high debt loads is illustrated by this photo of a guy in a Pink Floyd t-shirt taking a tap dancing class. The crazy thing is that not only are these kids running up debt and killing their job prospects, they don’t even appear to be having a… Read more →

The Problem With Debt

These are all from today’s headlines: Ireland told: Take EU bailout or trigger crisis – The Guardian Euro under siege as now Portugal hits panic button – Montreal Gazette Greek deficit much bigger than estimate – The Guardian Thirty years ago, we had the savings and loan crisis. Those were the good old days, when investors were only nervous about… Read more →

The Rising Burden of Government Debt

Our analysis paints a sobering picture of worsening public debt dynamics and a sharply rising debt burden in advanced economies (AEs). But perhaps the worst is yet to come. First, AEs as a group are experiencing little population growth. Second, they are facing rapidly aging populations. Third, their economies are likely to register slow growth . . . Fourth, entitlement… Read more →

Twitter: 2010-08-01

RT @eddiepepitone: If only there was a way 2 turn crushing debt, despair & horribly awkward interactions w/ people into lifelong happiness! # RT @SarahKSilverman: I try not to be as hard on myself as I am on other people. # Read more →