Posts Tagged ‘Greece’

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    Greece and Argentina

    Oct 25, 11 • 755 Views • No Comments

    Nobody wants Greece to become Argentina. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying the influx of dollars, Argentina borrowed and grew and prospered…for awhile.  But when recession hit at the end......  [read more]

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    California and Greece

    Oct 2, 11 • 490 Views • No Comments

    It is good to pay fire fighters and police officers generously. It is good not to raise taxes. It is good to give voters what they want and get re-elected. As Michael Lewis describes in Vanity Fair, San Jose, California did everything that was......  [read more]

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    Benford’s Law and Greece

    Sep 22, 11 • 500 Views • No Comments

    Does it matter that low first digits occur more frequently? First some history. During the 1920s, Frank Benford, a physicist at GE, noticed that “one” appeared more frequently as the first digit of a number. To test his thesis, he accumulated......  [read more]

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    A Tale of Two Euro Zone Countries

    Sep 14, 11 • 498 Views • No Comments

    Saying, “It is a small step for the euro zone and a big step for Estonia…” the Estonian prime minister celebrated his country’s formal entry into the Western economic world. On January 1, 2011, Estonia switched from the kroon to the......  [read more]

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    Greek Haircuts

    Jul 6, 11 • 541 Views • No Comments

    When people talk about haircuts and Greece, they are no longer referring to the female beauticians that retired at 50 with a generous state pension because their work was “arduous.” Instead, they are discussing the losses, known on Wall Street as......  [read more]