Posts Tagged ‘sovereign debt’

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    Debt Deja Vu

    Jun 9, 11 • 257 Views • No 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...  [read more]

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    Helpful Acronyms

    May 30, 11 • 244 Views • No Comments

    Reading about the potential contagion of Greece’s debt problems, I discovered STUPID in Schott’s Vocab, a NY Times blog about words and phrases. Schott quoted Reuters Breakingviews, “The new acronym on trading floors for possible dominoes if...  [read more]

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    Japan’s Sovereign Debt

    Mar 13, 11 • 226 Views • No Comments

    Hoping to sell more Japanese government bonds (JGBs), in a rather novel advertising campaign last June, the Japanese finance ministry said that, “Women have a thing for men who own JGBs.” Their message suggests that women prefer men who are...  [read more]

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    A Debt Tour

    Feb 20, 11 • 272 Views • No Comments

    Calling it “financial disaster travel journalism,” author Michael Lewis (The Blind Side and The Big Short) takes us to Iceland, Ireland, and Greece in 3 Vanity Fair articles that are wonderful. Comparing Iceland to Ireland, he tells us, “But...  [read more]

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    Maybe Money Makes A Nation

    Nov 30, 10 • 204 Views • No Comments

    In “Thinking About Capitalism,” economic historian Jerry Z. Muller tells us that 16th and 17th century wars were “decided by whichever government was the first to run out of money.” Astoundingly, the American colonies did not run out...  [read more]