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What Ended the Great Depression? PDF Print E-mail
Written by Comstock Partners   

Question from a reader-"I'm confused about a question that rests at the heart of efforts to revive the economy.  What ended the great depression?  Was it the war, war spending, or some other mechanism?   I think I've taught, and I easily accepted that it was the war spending along with the 'full employment' of labor that cracked the downward spiral of the 1930's.  I just can't imagine that all the wasted resources paid for with war debt during the war.could have had less of an effect on the nation's economic future than the spending now necessary to create jobs, provide healthcare, and rebuild the infrastructure of the nation."

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Tidal Wave of European Bailouts to Test EMU PDF Print E-mail
Written by Eric Roseman   

Mohamed El-Erian, PIMCO's co-CEO and probably one of the best credit gurus in the United States, believes the global economy will struggle because of the ongoing deterioration in public finances. Though the next credit shock might be a few years away following the dark days of 2007-2009, governments will face the Piper again amid a flood of issuance to finance out-of-control deficits and rising long-term interest rates.

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