…debt is trading at 6.05% – not bad). The banks will be ‘encouraged’ to buy government debt, thereby ensuring a funding source for the sovereigns. But this is not a…

…can see this in the spread between Italian 10yr bond yields and the Spanish 10yr bond yields, which has collapsed since the summer and is now trading at -70 bps….

…What’s driving this? Primarily the real exchange rate. The chart below illustrates the real effective exchange rates for China and the US, as measured by a broad set of trading…

…because of the existence of the Sovereign Debt CDS market. So, unless you are trading acvtively in both markets, as a buyer, you are being charged too much for sovereign…

…Not certain I would quit my job to work for him, but it would be worth thinking about. The next speaker is Woong-Ki Kim, chairman of the Sae-A Trading Company—or,…

…banking systems are exposed to the same government securities currently trading at distressed levels. A case in point is France with outsized exposure to Italy and Greece (see Table 9B)….

…Trading Places 1983 A while ago (an understatement) I posted on the question of what is rich. The first dealt with what issues to consider in defining rich. The second…

…trading posts like Hong Kong and Singapore. Anyway, Harberger thought this didn’t make sense, and wasn’t a good topic, so I scratched it off the list of thesis topics. But…

…getting a poorer deal due to issues of asymmetric information hardly call to mind the borrower’s irrationality. Second is that many of those transactions were people “trading up” without clearly…

…day — in programs such as Social Security, Medicare, defense, unemployment benefits, et cetera. Economists generally agree — the negative economic impacts of such drastic short-term cuts in government spending…