Posts Tagged ‘bonds’

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    Greek Haircuts

    Jul 6, 11 • 111 Views • Economic Debates, Economic History, Financial Markets, Government, International Trade and FinanceNo Comments

    When people talk about haircuts and Greece, they are no longer referring to the female beauticians that retired at 50 with a generous state pension because their work was “arduous.” Instead, they are discussing the losses, known on Wall Street as...

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    Debt Deja Vu

    Jun 9, 11 • 109 Views • Developing Economies, Financial Markets, Government, Macroeconomic Measurement, Money and Monetary Policy, Thinking EconomicallyNo Comments

    Again, Greek debt was in the news. This time, though, the focus was other defaults. For as long as nations have existed, they have borrowed money and then been unable to repay it. The first report of Greece defaulting on her debt was during the fourth century...