Why We’re Ungovernable, Part 4: Hollande’s Short Honeymoon
The premise of this series is that once a country’s debt rises to a certain level, the country becomes impossible to govern. Voters accustomed to a
The premise of this series is that once a country’s debt rises to a certain level, the country becomes impossible to govern. Voters accustomed to a
For the first time in 250 years, politics has become irrelevant. Not uninteresting or unimportant; obviously the way a society organizes itself matters to its
A week ago it looked like the US government was destined to end up firmly – maybe even more firmly — in the hands of
You read that right. Not only is Italy selling 50-year bonds, but people are lining up buy them. Italy’s first 50-year bond sale had huge
Sometimes one big event dominates the landscape, like last week when the Fed raised interest rates. Other times a bunch of less-universally-significant-things add up to
Portugal has entered a phase change, with potentially huge ramifications. After handing a parliamentary majority to a coalition of leftist (i.e., anti-austerity, anti-euro, anti-NATO) parties,
Last year the world kind of forgot about Europe. After ECB head Mario Draghi vowed to “do whatever it takes” to get the Continent growing,
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