Canary in the Coal Mine, Part II

In 2011 Greece’s public debt (the cumulative net total of all government borrowing) was an estimated $515 billion. That is equal to less than 5 percent of the total $12 trillion in public debt of the seventeen EuroZone countries* So, why is so much attention being paid to such a relatively small country’s debt problem? […]

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The Canary in the Coal Mine?

Given recent events, it seems like the stock market, and perhaps the world economy, are dependent upon the health of Greece’s economy. The slightest bad news from Greece sends stock markets around the world plummeting and the pundits repeating their dire predictions of the end-of-the-world as we know it. Certainly, the Greek economy may be […]

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