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. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.
The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Friday, July 27, 2012
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.
Posted by Nikolaos at 1:12 PM