Portugal Archive

Contagion and Eurosclerosis

By John Lumbard. The debt of Portugal has fallen in value so much that a buyer can now get a yield of 16% on long term, ten year bonds.  Portugal won't have to actually pay 16% until it has to borrow again (most likely when an old bond issue matures and...
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Peter Treadway: Debt and Deflation . . . or Inflation?

By Peter T Treadway, PhD   Historical Analytics LLC www.thedismaloptimist.com “Show me where he sits and I’ll tell you where he stands.”          Old Washington proverb   “As the buyers become less eager and the sellers become more eager an uneasy period of ‘financial distress’ follows… For the economy as a whole, the equivalent is the awareness on...
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