Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Friday, July 27, 2012

Useful Stuff

I added some more useful links in the left hand panel of Volewica; two links to Wikipedia articles on debt.

Did you know that the US's public debt is over 100% of GDP?  Why aren't US bond yields where Spanish bond yields are?

Because the US has its own currency and a Central Bank which can print it.

All the ECB has to do to stop the Euro and the European crises is print money.  All it needs to do is say that it will buy Spanish government bonds to whatever extent necessary to keep yields from rising above, say. 6%.  Bam!  End of crisis.

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