How to look at the Greece bailout deal
Yesterday, Greece received an agreement in principal to extend its existing bailout program for another four months from the institutions administering that program. I believe this deal is a good…
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.