Browsing Tag

sovereign debt crisis

The EFSF and The Euro

By Marc Chandler The European Financial Stability Fund (EFSF) is planning its first issue this week. Talk was of a 3-5 bln euros of a 5-year issue priced 8-10 bp on top of swap rates. This would imply a yield of about 2.85% compared to…

Mauldin: Thinking the Unthinkable

This is the second of a two-part economic forecast by John Mauldin published on 8 Jan and 15 Jan 2011. In this issue: The Fed Adds a Third Mandate A Rational Voice in Dallas Thinking the Unthinkable The Threat of the…

Some Thoughts On The Debt Dynamics In Europe

By Win Thin In its Fiscal Monitor published in November, the IMF makes a crucial point about growth rates and debt dynamics. It points out that the larger the differential for any country between real interest rates (borrowing costs) and…

Cautiously Optimistic Into 2011

It's high time I laid my cards on the table about 2011. I have hinted around my view in previous posts, promising to spell it out in detail. So, here it is: I am cautiously optimistic on the US and global economy for 2011. Let me explain…

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