Category: Argentina

Month in Review, February, 2013: Part 2, All finance is global

26 April, 2013 (09:00) | Apartments, Argentina, Bankruptcy, Boston, CalPERS, Chapter 40B, Eurozone, Housing, Inclusionary zoning, Innovations, Month in review, ratings agencies, Redevelopment, US News, Zoning |

[Continued from yesterday's Part 1.] ­­ [Previous Months in Review available here: Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   You deserve a break today   Turning from the local to the national, I reported, with no little righteous, on the […]

Month in Review, February, 2013: Part 1, All real estate is local

25 April, 2013 (09:00) | Apartments, Argentina, Bankruptcy, Boston, CalPERS, Chapter 40B, Eurozone, Housing, Inclusionary zoning, Innovations, Month in review, ratings agencies, Redevelopment, US News, Zoning |

[Previous Months in Review available here: Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   It all depends on what you think ‘local’ is   We think of home as a place of safety where we keep the dangerous world out, […]

When the gimmicks run out: Part 2, ‘They want us to die’

26 February, 2013 (18:17) | Argentina, Capital markets, Inflation, New York state, pensions, Speculation |

[Continued from yesterday's Part 1.]   By:David A. Smith                                Yesterday’s post introduced us to New York’s state budget problems (via a this New York Times (December 19, 2012) article), which over the last decade or so have been covered up with ‘fiscal gimmicks,’ all of which have now been exhausted – all but one, […]

When the gimmicks run out: Part 1, whims of the financial markets

25 February, 2013 (17:34) | Argentina, Capital markets, Inflation, New York state, pensions, Speculation |

By:David A. Smith   Though you cannot fix a solvency problem with financing, that doesn’t stop people from trying – especially elected officials.  Perhaps they’re unable to visualize or to believe in the insolvency to come, or perhaps they know their term of office will be shorter than the time horizon when the gimmicks finally […]

Dictatorship is uneconomic

19 February, 2013 (16:50) | Argentina, Capital markets, dictators, Egypt, Global news, Government, Primer Posts, Speculation, Theory |

By:David A. Smith   As far as I can tell, dictatorships end in only three ways: internal revolution, aggressive war, or economic collapse from hyperinflation, a theory we are close to testing in Argentina (Washington Post, February 4, 2013), and could possibly come to a crucial test a few months hence in Egypt Reuters (January […]