Jim Grant joins the lovely Lauren Lyster tonight to discuss the ‘Grexit’.
Today, the major financial news outlets have again turned their focus to Europe. The economic downturn there has persisted, for some countries, going on 5 years, with no end in sight.
Talk of a Greek exit – the “Grexit” as it has been dubbed – is the “talk of the town.” Will Greece exit the Euro, what will this mean for the other economies, for the people of Europe, for the people of the world…
We look at charts, at numbers, at fancy statistics that tell us whether we grew by half a point here or contracted by a quarter of a point there. Today, we learnedthat the Eurozone member economies jointly contracted this month at the fastest pace in almost three years. Some will ask: what does this mean or why did this happen?
Our Guest, Jim Grant, has answers.