Tag Archives: Debt

A Greek Lesson

Despite the promise of a “unified Europe” the design of the E.U. was never intended to be a social remedy or blank check. It was and remains an economic tool, a subsuming of a sovereign states’ and a peoples right of self-determination and financial capacity.

Yes, the Greek Peoples willingness to challenge the E.U.’s draconian rule is laudable however, they will soon learn that the security pledged by the Greek State to the E.U. and by extension of the same, the Holders of their Sovereign Debt (Bonds), includes Greek State/Municipal/Public owned assets (and Pensions). The E.U. System is now so thoroughly woven into the economic/financial fabric of the member states that unwinding or releasing a State from the so-called Union will undoubtedly be followed by Portugal and then Spain and quite possibly Italy as well.

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ON AIR with Host Mike Miller of WIMA 1150

The Foundations Weekly On-Point Series continues with Host Mike Miller of 1150 WIMA in Lima, Ohio and Policy Analyst, Curtis Greco. This week features “Economics of Debt Laden America!” This vignette appears throughout the week during Michael’s 6-9 a.m. (ET) Show. Ohio’s In-Tune & In-Touch Host, catch him Live in-market or online at www.1150wima.com.

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ON AIR with Host Mike Miller of WIMA 1150

The Foundations Weekly On-Point Series continues with Host Mike Miller of 1150 WIMA in Lima, Ohio and Policy Analyst, Curtis Greco. This week features “Economics of Debt Laden America!” This vignette appears throughout the week during Michael’s 6-9 a.m. (ET) Show. Ohio’s In-Tune & In-Touch Host, catch him Live in-market or online at www.1150wima.com.

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ON AIR with Host Mike Miller of WIMA 1150

The Foundations Weekly OnPoint Series continues with Host Mike Miller of 1150 WIMA in Lima, Ohio and Policy Analyst, Curtis Greco. This week features “The Real Obama Legacy – $7 Plus Trillion Debt Increase in 6 short years; can the Nation work its way out of debt or is the growth unstoppable.” This vignette appears throughout the week during Michael’s 6-9Am (ET) Show. Ohio’s In-Tune & In-Touch Host, catch him Live in-market or online at www.1150wima.com.

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The Anatomy of Debt & Grading

Over the coming weeks there will undoubtedly be endless and seemingly incongruent commentaries over the S & P downgrading of U.S. Debt and why, with so many countries around the globe with far greater debt-hurdles (Japan for example), only the U.S.?  I know, I really must stop thinking rationally.

Many like myself will wonder why the wait and where exactly are Grading Agencies Moody’s and Fitch after all if the standards of practice are based on so-called fundamentals then is one to assume that uniformity is only measured by the degree of separation and methods which define their application? Or, is one only to conclude that the degree of application is only measured by the uniformity of the desired self-define prophesying upon which these Agencies can agree?

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