Sunday, April 11, 2010

Special Update...........

There have been some interesting developments going on in the economic arena. Greece keeps the Euro-zone and the world in a constant state of speculation of weather the nation will default or achieve the financing to continue. Best of all, was an interesting working paper filed over at the BIS website. The report (Working Papers No. 300) that the dog wants to point you in the direction of is entitled "The future of public debt: prospects and implications" and is written by Stephen Cecchetti, Madhusudan Mohanty and Fabrizio Zampo. In short, the report claims that the debt in advanced nations is unsustainable and that drastic changes are necessary for monetary stability.

Here is the link from the BIS website:

Tell us what you think........................


Post a Comment