…believed before. And so it is with the euro. As an aside, the interesting thing about the introduction of the euro from a political point of view is the way…

…older than T bonds – so payments to old bonds are (total payments)(amount owed on old bonds)/(total amount owed). The remaining payments must first go to new senior bonds and…

…of the stability and growth pact was concern, especially, German concern about the introduction of the Euro. Somehow it was decided that Europe should have a single currency (I don’t…

…the Chinese yuan against the U.S. dollar? The U.S. export industry, yes, but Europe? Deutsche Welle tells us: “But Europe stands to benefit a lot, because with a revaluation, European…

Today Eurostat released April 2011 inflation for the Euro area. Prices are increasing at a 2.8% annual pace, up from 2.7% in March and very much above the ECB’s comfort…

…billion. Oh noes! Why the disconnect? Because Trust Fund surpluses score as debt for the purpose of total Public Debt. If we go to the Treasury’s Debt to the Penny…

by Rebecca Wilder Euro Area Inflation: A Very Slow Burn Euro area consumer prices increased at a 2.4% annual pace in May, down 0.2 ppt from the 2.6% pace in…

For all of our economic problems here in the US, a simple measure of ‘misery’ illustrates that US households are less miserable in March 2011 than those in the Euro…

…bond market. It will be more significant than if China stopped buying (and started selling) our bonds. Mr. Coberly agrees with my assertion that the economics of the Fund have…

…Office of Management and Budget Table 7.1 shows data on the National Debt going back to 1940. There’s gross debt, debt held by the public, debt held by Federal Government…