The end game or a new beginning for Greece? We have seen all this before

Originally posted on The Market Monetarist:
Ever since I started my blog in 2011 Greece has been on the verge of banking crisis, sovereign default and euro exit. It now looks as if we might get all of that very soon and very¬†quickly. This is from CNBC today: Talks fell apart between the Greek government and its creditors, and European officials said Athens’ bailout program will expire on Tuesday. Euro zone finance ministers met to try and thrash out a reforms-for-rescue deal for Greece after the country’s prime minister threw a curveball of a referendum on the deal late Friday…

A Closer Look At The Silicon Valley Vs. Wall Street Talent War

“More than salary, they want to be impactful: a part of building something new, or changing the fundamental nature of a given process… “…The writing is already on the wall. Consider the uptick in traditional financial institutions like J.P. Morgan, Fidelity and T. Rowe Price increasingly participating in high-profile funding rounds for fast-growth private tech companies in addition to (and often in place of) traditional venture capital firms.”

The golden rule of British government spending

Originally posted on Phelanomics:
As the British general election approaches politicians can be expected to produce more economically illiterate rubbish than usual. Take, for example, the recent stories about British government spending returning to the levels of the 1930s. Sounds horrible doesn’t it? Except it isn’t remotely true. What might happen is that government spending returns to the share of national income it was in the 1930s. As national income is many times higher now than it was then, so will government spending be. But take a look at this Source: The Guardian It’s self explanatory I hope. But what…