Breaking Up Is Hard to Do And Then There Is Disaster C Who Do You Trust? Carlsbad, San Francisco, Atlanta, and Buenos Aires They say that breaking up is hard to do. Now I know, I know that it's true Don't say that this is the end. Instead of breaking up I wish that we were making up again. –...
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Introduction This week we return to Europe, as what is happening there is one of the most important questions of the day. It is every bit as critical to our long-term world economic future as the valuation of the Chinese currency or US trade deficits or Fed policy. Let me set the stage with this note...