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Olduvai III: Catacylsm
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Why Greece Is The Precursor To The Next Global Debt Crisis

July 11, 2015

Why Greece Is The Precursor To The Next Global Debt Crisis The Eurozone fantasy will be one of the early casualties The one undeniable truth about the debt drama in Greece is that each of the conventional narratives—financial, political and historical—has some claim of legitimacy. For example, spendthrift Greeks shunned fiscal discipline: here’s an account […]

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There is Only One Way Out For Greece

July 7, 2015

There is Only One Way Out For Greece Brussels has been dead wrong. The stupid idea that the euro will bring stability and peace, as it was sold from the outset, has migrated to European domination as if this were “Game of Thrones”. Those in power have misread history, almost at every possible level. The […]

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Why Greeks Still Want to Keep the Euro, in One Chart

July 1, 2015

Why Greeks Still Want to Keep the Euro, in One Chart As of midnight European time, Greece has become the first developed country in history to fall into arrears on payments to the IMF. It’s not that much money, by today’s standards: €1.6 billion. But for Greece, which is totally out of money, it’s an […]

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The Mood On The Ground In Greece: “Some Have Raised The Prospect Of Civil War”

June 30, 2015

The Mood On The Ground In Greece: “Some Have Raised The Prospect Of Civil War” Earlier today, John O’Connell, CEO of Davis Rea, spoke to Canada’s BNN from what may be Greece’s top tourist attraction, the island of Santorini, to give a sense of the “mood on the ground.” Not surprisingly, his feedback was that, at […]

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Greece Said To Prepare “Grexit”, Drachma, Bank Nationalization Plans

April 3, 2015

Greece Said To Prepare “Grexit”, Drachma, Bank Nationalization Plans On Thursday morning, we took an in-depth look at what the progression of events is likely to be in the event a cash-strapped, negotiation-weary Greece finally, for lack of will or for lack of options, fails to scrape together enough cash to pay its creditors. As BofAML notes, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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