Global Economy

The Greeks may still default, and that would mean big trouble not so much for Greece as for other EU member states who will be on the hook for even more bailouts.

The Greeks may still default, and that would mean big trouble not so much for Greece as for other EU member states who will be on the hook for even

Thanks to high oil prices and years of cheap money, capital-intensive fracking operations became feasible in even some of the most marginal areas. But with easy money comes bubbles, and falling oil prices may soon help pop the fracking bubble.

There has been much hand wringing among popular blogger-economists in response to the breaking of the Euro peg by the SNB.

According to CBC News, "The Bank of Canada shocked markets today by cutting its key overnight lending rate by a quarter of a percentage point, citing the economic threat posed by plunging oil prices."

The Swiss franc was pegged to the euro in 2011, but after years of easy money in the eurozone, the Swiss have bailed in an effort to save the franc from even more inflation that's expected from the Europen Central Bank.

The lesson is clear. If Switzerland can retake control of its money, so can any eurozone nation.

Jeff Deist and Martin Armstrong discuss Armstrong's story—both as an economic forecaster and as a thorn in the side of federal prosecutors.

 A surprise move from Switzerland’s central bank (SNB) sent stock markets into panic today. In just a few minutes, the value of the Swiss franc rose by 30 percent, FTSE 300 dropped by 2 percent, Wall Street futures turned negative, and the recent feeble rise in commodity prices was reversed.

Supporters of embargoes like the Cuban embargo have never made a convincing case for why taxpayers, merchants, and consumers should be forced to forego their property rights and bear the costs of the embargo’s war on free trade.