The problem is that the macroeconomic degeneration of the Western Democracies is a Greek tragedy in slow motion. I would recommend the Princeton University Press book by Rogoff “This Time is Different.” It is an excellent, readable and digestible study of sovereign debt defaults.
I remember in the 90’s when Ambrose was covering the U.S. political scene and was one of the few really nailing the Clintons, the Dixie Mafia, the Vince Foster and other scandals. We ignore him at our peril.
Shabbat Shalom.
You’re so right about his coverage of the Clinton’s!
After he moved back and begin to cover financial/economic matters he has been very negative toward the EU and Euro. So much so that you might equate him with the “boy who shouted wolf too many times”.
However, regarding the Euro and trying to have a “one size fit all” without economic unity is crazy. You can only paper over things with freshly printed money for so long. If the markets move against Portugal, Greece, Ireland and, gasp, Spain and Italy you will hear the fat lady singing.
JMHO
He also covered the Oklahoma City bombing .