Opinions Uncensored

Greece Sunday: δίλημμα

δίλημμα: Dilemma. There is no good choice on Sunday.Poor fiscal policies led to the need for a bailout. And the poorly designed bailout program has crushed the Greek economy. Now the creditors want more of the same, expecting a different result;  so voting "Yes" seems like the definition of...

Update: Prime Working-Age Population Growing Again

An update: Last year, I posted some demographic data for the U.S., see: Census Bureau: Largest 5-year Population Cohort is now the "20 to 24" Age Group, Decline in the Labor Force Participation Rate: Mostly Demographics and Long Term Trends, and The Future's so Bright ...I pointed out that...

Shanghai Cliff Diving

Note: The polls in Greece close at noon ET, and early results might be available around 2:30 PM ET.The WSJ has a running discussion: Greek Referendum — Live Paul Krugman wrote this morning: Meanwhile In ChinaI am, of course, anxiously awaiting the results of Greferendum, although the next few...

No!

The Financial Times reports: Early results suggest Greece heads for No With about a third of the vote counted, "No" had 61% of the vote and was leading in every region of Greece.And from the WSJ: First Official Projection Says at Least 61% of Greeks Voted ‘No’ in ReferendumA first official...