Financial Markets

November 2, 2011
Published by Elaine Schwartz at November 2, 2011
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Default Deja Vu

Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and […]

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October 28, 2011
Published by Elaine Schwartz at October 28, 2011
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Euro Deal Primer

To understand euro zone bailout plans, just think BBB. Bonds, Banks, Bailout The Bonds: If you own Greek debt, then you would be asked to accept […]

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October 25, 2011
Published by Elaine Schwartz at October 25, 2011
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Greece and Argentina

Nobody wants Greece to become Argentina. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying the influx of […]

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October 22, 2011
Published by Elaine Schwartz at October 22, 2011
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A Surprising Deficit Worry

Who do you think is the biggest holder of U.S. government debt? The U.S. government. Whenever Social Security collects more payroll tax money than it needs, […]

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