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Peter Morici Archive

  • Why the Euro is doomed

    Published June 12, 2012

    The longer Europe puts up with the fantasy that a single currency is essential to its prosperity, the longer Italy, Spain, Greece and others will flirt with financial ruin and self destruction.

  • Federal Reserve has few options as economy flirts with 'double dip'

    Published June 11, 2012

    The U.S. economy is drifting toward recession, but when Federal Reserve policymakers meet next week, they will have few tools to turn things around.

  • What May's lousy jobs report tells us

    Published June 01, 2012

    Without prompt efforts to produce more domestic oil, redress the trade imbalance with China, relax burdensome business regulations, and curb health care mandates and costs, the U.S. economy simply cannot grow and create enough jobs.

  • What to expect from Friday's jobs report

    Published May 31, 2012

    During the recent economic "recovery," the most effective jobs program has been to convince adults they don’t want or need a job. 

  • Could Spain’s bank woes sink the euro?

    Published May 30, 2012

    Spain's economy is in trouble. And it may simply have to dump the euro, so that it can print its own money and solve its problems much as the United States did in the wake of the 2008 financial crisis.

  • Greek exit from euro could plunge US into recession

    Published May 24, 2012

     The euro has failed, and time has long passed for Greece to bail out. 

  • Forget Cory Booker, Obama’s Bain Capital ad was a brilliant pivot

    Published May 22, 2012

    The Obama campaign ad attacking Mitt Romney’s record at Bain Capital was a shameless exaggeration but a brilliant political pivot. Instead of running on his record—where he is vulnerable to Mr. Romney—the president is making character the issue.

  • Europe’s sterile debate -- austerity vs. stimulus

    Published May 21, 2012

    Without abandoning the euro, southern Europe will collapse, and it will take Germany and the other northern economies with them.

  • After JPMorgan Chase mess -- bust up the big financial houses

    Published May 11, 2012

    JPMorgan Chase has revealed that it lost $2 billion. The simplest solution, in the wake of this mess, is to once again separate commercial and investment banking, as was required by the Glass Steagall Act. 

  • It's time to ditch the euro

    Published May 10, 2012

    Europe's single currency is a bust. With unemployment reaching depression levels in the Mediterranean states, time has long passed to negotiate an orderly return to national currencies.