Well, You Know, I Was A Human

The Lower Interest Rates Fueled Housing And Consumption Booms In Countries Such As Spain And Ireland. At The Same Time, Germany, Struggling With The Burdens Of Reunification, Tightened Its Belt And Became More Competitive. All This Led To A Wide Divergence In Economic Performance. Europe Became Divided Into Creditor And Debtor Countries.

The Us Needs A Cap And Trade System With Auctioning Of Licenses For Emissions Rights. The Revenues From These Auctions Can Be Used To Launch A New, Environmentally Friendly Energy Policy. That Would Be Yet Another Federal Program That Could Help Us To Overcome The Stagnation.

Any Central Bank Should Only Be In Charge Of Liquidity. Solvency Is A Matter For The Treasury.

When You Sell Options, You Get Paid For Assuming Risk. That Can Be A Profitable Business, But It Does Not Mix Well With The Risks Inherent In A Leveraged Portfolio.

Merkel Has Realized That The Euro Is Not Working, But She Cannot Change The Narrative She Has Created Because That Narrative Has Caught The Imagination Of The German Public, And The German Public Has Accepted It.