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A Conversation with George Soros

…(essentially, bonds for exports), Mr. Soros is “not sure there will be” further advancement in that relationship without greater domestic Chinese consumption. He declared that the Chinese economy has become…

Soc Sec XXII: What if? Low Cost as Fairy Tale

…people to cluck their tongues about the Present Value of all that debt. But at this point in time a full 24% of that outstanding debt is represented by the…

Long Term Debt Outlook

…First, I don’t think we need to do anything. That is, I think that under current law, the debt to GDP ratio will stabilize and decline. Obviously I shouldn’t just…

How did Lehman Manage That ? II

debt and SunCal instruments both of which are in default. If I understand the debt contract correctly (and pigs fly) JPMorgan has two claims on Lehman – that is the…