Could Japan’s earthquake cause a debt crisis?

There is something inherently callous about discussing the economic impact of a natural disaster. The human toll is always of much greater concern and importance than anything happening in the realm of finance. However, us economics types can’t help but immediately begin speculating on what the impact might be, and economists around …

Japanese Earthquake: The Cost to the Economy

Unfortunately, earthquakes and Tsunamis have a much larger human toll than economic. And that is likely to be true in Japan as well.

Still, the 8.9 magnitude earthquake and resultant Tsunami that hit Japan near the city of Sendai on Friday comes at a time when that country’s economy was already vulnerable. The Japanese economy was hard …

The Frothy Fast: Giving Up Food (But Not Beer) for Lent

A man in Iowa is going the full monk. Following the lead set by German monks—who 300 years ago fasted throughout the entire season of Lent, and who sustained themselves solely by drinking water and hearty, calorie-packed beer—he explains the mission at hand: “Getting drunk is the last thing on my to-do list at this time. This is an …

Can China compete with American manufacturing?

No, the headline is not a mistake. I know we’re usually worried about the opposite – whether or not U.S. manufacturers can compete with a rising China. But today I’m turning that question around. What doesn’t get enough attention in today’s discussions about America’s economic competitiveness is that the U.S. remains a robust …

Bond King Bill Gross Exits US Debt: Good News?

Bill Gross says sell (Photo: Jason Reed/Reuters)

US debt may no longer be a good investment, at least for now. And that might be the good news.

Famed investor Bill Gross, who runs the PIMCO Total Return Fund, recently sold all of the US Treasury bonds is his fund’s portfolio. It’s a huge move for the manager of the world’s largest …

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