I am writing this on a Greek island, looking out at 10 other islands and the blue Aegean Sea. A cruise ship that often docks at Port Everglades is passing by, headed for Mykonos, eight miles to the east. The scene couldn’t be more beautiful. It also couldn’t be more deceiving. Greece, and with it [...]
19
Apr
2011
The Federal Deficit And What To Do About It
The Deficit And What To Do About It
Just as the U.S. economy is finally pulling out of the recession of 2008-2009 and employers are starting to hire once again, the Federal deficit and the steadily growing Federal debt are casting a long shadow over markets and threatening the recovery. Standard and Poor’s recently [...]
29
Dec
2010
The Economic Look for 2011 and the Proposals for Deficit Reform
As we begin the new year, this is a good time to assess where the economy stands at present and what its prospects may be during 2011. The latest data from the Conference Board, a respected non-profit economic research association founded in 1916, show that the so-called Leading Indicators of future economic activity jumped by [...]
01
Oct
2010
The View from the Eye of the Storm – Part III
In the two previous segments of this series, we looked at the causes of the Greek debt crisis, the joint European Union (EU) and International Monetary Fund (IMF) bailout, and the measures the present Greek government has been forced to undertake to dig the country out of the mess it inherited when it took office [...]
02
Aug
2010
The View From the Eye of the Storm – Part II
By Professor Pan Yatrakis, NOVA Southeastern Professor of Economics
In my last post a month ago, I outlined the events that created the Greek debt crisis and their lessons for the United States. During the month since that post, there have been a number of economic developments in Greece and the rest of Europe, most of [...]
02
Jul
2010
The View from the Eye of the Storm
Pan Yatrakis is a professor of Finance and Economics at NOVA Southeastern University.
Greetings from the eye of the storm. I am in Greece for the summer, and in my next two blog entries I will try to explain in layperson’s terms how the Greek financial crisis came about, where things stand now, what lies ahead [...]
04
Jun
2010
The Economic Recovery: Will South Florida Join In?
Recent employment statistics painted an optimistic picture of economic recovery nationwide. Employers across America added 290,000 jobs in April, the largest increase in four years. Of those, only 60,000 were temporary census workers hired by the Federal Government, while most of the rest were hired by private business. And the March hiring numbers were revised [...]
