Author Archives: msimson

Financial Fitness: A key requirement for a durable recovery

The Question from Greece The month of March, marked by Greece’s massive debt restructuring which averted a vastly destabilizing credit default, appeared to some as if a major obstacle to economic recovery was finally removed. Yet, for others, it served … Continue reading

Posted in Uncategorized | Leave a comment

The Attempt of Desperate Central Bankers

**************************************************** Something strange happened today, November 30th. Six central banks standing behind six endangered banking systems — where 4 of them (namely USA, Eurozone, U.K. and Japan) have never been so strained — decided to act in unison. They have … Continue reading

Posted in Uncategorized | Leave a comment

The arrogance of lecturing Europe with the wrong lesson

The month of October, this time around dressed in the clothing of the European Sovereign Debt Crisis, brings once again to the forefront fundamental questions on the future of western world banking. Since 2007, what originally started as a “housing … Continue reading

Posted in Uncategorized | Leave a comment

Saving Western World Banking from itself

Following the third anniversary last week of Lehman’s calamitous bankruptcy, it is disheartening to see that most banks, central banks and governments on both sides of the Atlantic have failed to draw the most important lesson: financial crises cannot be … Continue reading

Posted in Uncategorized | Leave a comment

U.S. FISCAL POLICY: a 30 YEARS PERSPECTIVE

                                  Data source : the US Congressional Budget Office.  The U.S. Federal deficit which was once successfully eliminated in the late ‘90s went through a shock with the  Great Financial Crisis of 2008.  By 2011, the gap between revenue and spending … Continue reading

Posted in Uncategorized | Leave a comment

Invigorating the “deficit nation” – Part 1

The triple-deficit nation at the crossroads in 2011 The steady and substantial decline of the US dollar against most major currencies over the last 8 years is no accident. It is the result of a nation suffering from the triple … Continue reading

Posted in Uncategorized | Leave a comment

Invigorating the “deficit nation” – Part 2

The US Public Debt level: alarming, but controllable Although it is clear that the US dollar has declined in value because of the continual triple deficits – in fiscal, trade and international investments – something still remains unclear: was the … Continue reading

Posted in Uncategorized | Leave a comment