Posts Tagged ‘Alexander Hamilton’

  • 16719_2.20_000005476580XSmall

    Default Deja Vu

    Nov 2, 11 • 227 Views • No Comments

    Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and Reinhart in their 2008 paper and book, This Time It’s Different, few nations break out of a...  [read more]

  • safety net..16712_5.28_000006090065XSmall

    Euro Deal Primer

    Oct 28, 11 • 278 Views • No Comments

    To understand euro zone bailout plans, just think BBB. Bonds, Banks, Bailout The Bonds: If you own Greek debt, then you would be asked to accept a 50% haircut. That means you will get new Greek bonds worth half the old ones. The catch? It’s voluntary. A...  [read more]

  • 16706_2.20_000005476580XSmall

    Greece and Argentina

    Oct 25, 11 • 281 Views • No Comments

    Nobody wants Greece to become Argentina. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying the influx of dollars, Argentina borrowed and grew and prospered…for awhile.  But when recession hit at the end...  [read more]

  • 16698_6.16_000006078784XSmall

    A Surprising Deficit Worry

    Oct 22, 11 • 209 Views • No Comments

    Who do you think is the biggest holder of U.S. government debt? The U.S. government. Whenever Social Security collects more payroll tax money than it needs, it buys U.S. securities. Retaining cash would mean no return, buying stock could be risky and,...  [read more]

  • twins...back to back figures16582_6.30_000005521931XSmall

    Manufacturing Jobs

    Aug 28, 11 • 225 Views • No Comments

    Our story begins with M.I.T.’s lithium-ion battery research and then takes us to South Korea and China where the batteries are made. Next, in a surprising move, some of the manufacturing returns to the U.S. With $375 million in federal stimulus money...  [read more]