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Chan Lowe: Greek drama


urnx.gifI knew that if I just waited long enough, that art history degree would finally come in handy.

For most of us, myself included, macroeconomics is one of those subjects the experts natter on glibly about and win Nobel Prizes for, while their discipline inhabits some abstruse, ethereal level rarely gazed upon⎯and even more rarely comprehended⎯by us working stiffs.

You’d think, though, that the folks who managed to dream up derivatives and tranches de jambon or whatever would figure out some way to make the world markets more stable.

The fact that a third-rate economy and some trader with a fat finger can cause the world’s most sophisticated stock market to upchuck like a drunken high-school kid at a prom means something needs re-engineering.

I’m sorry for the Germans and the French (not really) for being stuck with weaklings like the “PIIG” nations (Portugal, Ireland, Italy and Greece), but their unremitting arrogance about the mighty Euro and our fiscal irresponsibility was getting tiresome.

The downside (and in economics, there’s always a downside), is that as the Euro tanks, investors will rush to convert their wealth to dollars. Our newly-strong currency will make it harder to export what little stuff we still make, which is not what our economy needs right now.

Too bad most Americans can’t afford to go to Europe this summer. I hear you can snap up some real bargains, especially near the Acropolis.

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Comments

Your criticism of the economies which comprise a large part of Europe is very interest in light of the fact that the entire Obama agenda, which you have swallowed hook line and sinker, is designed to take America down the same path.


About 5 years ago I predicted that EU will go bankrupt in 10-12 years, it seems they're headed in that direction. And we try to emulate them.
I'm a strong believer of supply and demand law. I don't care what you call it, when you create artificial prices expect your economy to go south. Yes, that includes labor as well, labor is a commodity just like any other, and every economy who didn't treat it as such went to hell faster than a cheetah chasing a gazelle.


What little stuff do we make? All I can think of is debt.


U.S. share of IMF to Greece willbe about 58 Billion dollars. This is LUNACY!!!!
we are broke. Our people are having trouble and, our states are broke. I guess we will borrtow it from China???


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About the author
Chan LoweCHAN LOWE has been the Sun Sentinel’s first and only editorial cartoonist for the past twenty-six years. Before that, he worked as cartoonist and writer for the Oklahoma City Times and the Shawnee (OK) News-Star.

Chan went to school in New York City, Los Angeles, and the U.K., and graduated from Williams College in 1975 with a degree in Art History. He also spent a year at Stanford University as a John S. Knight Journalism Fellow.

His work has won numerous awards, including the Green Eyeshade Award and the National Press Foundation Berryman Award. He has also been a finalist for the Pulitzer Prize. His cartoons have won multiple first-place awards in all of the Florida state journalism contests, and The Lowe-Down blog, which he began in 2008, has won writing awards from the Florida Press Club and the Society of Professional Journalists.
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