How Illinois and other states can suffer a debt crisis like Greece but why it wouldn't lead to an economic depression similar to what Greece suffered. Photo by Oleksii Khodakivskiy In this episode you’ll learn: How the economies of Greece and Portugal compare to Illinois. Why Illinois and other U.S. states have similar constraints as Greece to combat recession. What is an internal devaluation and why doesn't it work. What are sudden stops. Show Notes State of … [Read more...]
MNY067 Plus: Employment, Robots and Greece
This week's Money For the Rest of Us Plus episode discusses the huge diversity of occupations in an advanced economy and how the variety of jobs increases as an economy becomes more complex. I also share which occupations in the U.S. have the highest and lowest median salaries. Also, a listener from Greece shares his perspective on the crisis in his country and what Greece needs to do to solve its economic and debt challenges. The episode length is 18 minutes. … [Read more...]
MNY065 Plus: Iceland versus Greece, Robinhood App and Currency Risk
This week's Money For the Rest of Us Plus episode discusses why Iceland has been able to recover economically while Greece remains mired in depression. I also answer Hub member questions regarding the Robinhood Trading platform/app and how to minimize currency risk when living overseas. The episode length is 18 minutes. … [Read more...]
65: Greece – What Really Caused the Crisis and Why It Never Ends
How the Greek depression and the euro crisis started with Greek citizens just wanting to buy a decent car. Photo by Ze Valdi In this episode you'll learn: What is the root cause the Greek economic crisis.How Greece workers work longer hours than any other European nation.Why tax compliance and out of control government spending is not the cause of the economic crisis.Why Greek households and businesses significantly ramped up their debt levels that led to the economic … [Read more...]
MNY064 Plus: Is China Undervalued and the Status of Greece
This week's Money For the Rest of Us Plus episode answers a member question regarding whether China is undervalued after the sell-off. I also discuss how consumer debt and imports contributed to the Greece crisis. The episode length is 16 minutes. … [Read more...]
What Would Happen If Greece Exited the Euro
In the short-term a Greece exit from the Eurozone could cause a severe panic with global stock markets selling off and a flight to quality. Currently, markets are quite placid and seem to expect Greece to successfully negotiate a third bailout even though talks have broken off. A Greek exit is one of those one-off events that one can't plan for in terms of their investment strategy. It is an example of why I usually keep a cash balance and never have an allocation to stocks above a level … [Read more...]
