Friday, April 8, 2011

Greece Portugal and the USA

From CNBC:
The US is going down a similar road as that taken by Greece and Portugal with regard to its budget decisions, John E. Silvia, chief economist at Wells Fargo, said on Wednesday.
"To me—being in Europe for a few days—the plot in Greece and Portugal sounds an awful lot like the same plot that's going on in the United States. But the characters have different names," he said.
I coauthored a paper many years ago with a John Silvia. The paper was about economic education. I wonder if he is the the John Silvia who is now with Wells Fargo.

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