Negotiating strategies and political constraints regarding Greece
I am going to leave my market-based analysis and enter the murky waters of the political economy. I don’t like the uncertainty of the political economy, given how it is…
A decision-tree framework for thinking about the Greek – Troika negotiations
This is a short post to update you on Greece. I continue to believe a deal can get done. Recent events demonstrate this is so. Nevertheless, the potential for policy…
Average US rate on 30-year mortgage rises to 3.76 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates have risen for a second straight week yet remained near historically low levels.
Tax Anticipation Notes: A Timely Alternative Financing Instrument for Greece
The recent election of an explicitly anti-austerity party in Greece has upset the prevailing policy consensus in the eurozone, and raised a number of issues that have remained ignored or…
Average US rate on 30-year mortgage rises to 3.69 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week yet remained near historically low levels.