In 2010 economists Reinhart and Rogoff wrote a paper that came to an overall conclusion: growth declines as debt increase. Basically, economies cannot be expected to put up good growth rates if they are burdened by immense loads of public sector debt.
Raiding the private deposits of Cyprus’ banks is foolish. The EU has now put the entire Eurozone on edge — not to mention the entire global economy
The mathematical reality is that the world’s major currencies can’t all be catastrophically weak against each other. It’s impossible. But the winner may surprise you.
There’s a substantial chance of a sudden upsurge in inflation in 2013, though the government statistics may reflect it only very grudgingly.