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NY According to the Journal, a survey of prominent currency watchers revealed a diminishing interest in US Treasury notes. The cause for this loss of appetite? The threat of inflation and low interest rates -- in short, the prospect of a poor return on ...
Step 2: The yield on various bonds and assets are compared to the Treasury curve to measure "risk". People assume that US Treasury Bonds are the safest investments in the world. Therefore, comparing the interest rate on various assets to the comparable Treasury (the Treasury with the same...
Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States? Since the financial meltdown began... Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States? Since the fi...
They have finally now come around -- with the government buying equity in banks -- because they see the financial system is on the verge of collapse. That changes the power relations. The powershift toward Asia is a consequence of the sins of the last 25 years on the part of the United States.
NYU's Nouriel Roubini, the visionary who had been predicting this meltdown, says "The Treasury plan (even in its current version agreed with Congress) is very poorly conceived and does not contain many of the key elements of a sound and efficient and fair rescue plan."
This instantaneous show of financial support for a newly installed dictatorship - one which immediately dissolved the country's constitution, general assembly, and Supreme Court - was unprecedented in the IMF's history. Typically the IMF does not react so quickly, even to an elected...
The first task of the occupation remains the first task of government: to establish a monopoly on violence," George Will wrote three years ago in the Washington Post. But now, his latest Newsweek column laments: "Vietnam produced an antiwar movement in America; Iraq has produced an anti...