Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/sovereign debt

Why austerity now?

…“business confidence” and the usual consequences, “debt deflation” and “debt peonage.” Somebody must take a loss on the economy’s bad loans – and bankers want the economy to take the…

Quantitative Easing

…calculated yield on debt. That one can write down the debt marking it to market. This does not work. Investors do not want shares of a firm which claims profits…

I know an old lady

…This kind of debt is more like Single B? And the company that provided the debt for a fee, Should never have lent to the man and his spouse, Because…

This Makes More Sense–or Does It?

…issue preferred stock to the government later, the sources said. This would presumably be the reverse of the deal with The Big C: “equity” for debt. Again, a sign that…

Economic trouble

…and to pay down the debt. In 2007, the surplus was going to be so big that there wouldn’t be enough retiring bonds to pay off. By 2010, debt was…