Tag Archives: Redistribution

Minor Updates

Posted on March 22, 2013 by MG

First based on Edo’s post: They will likely review several scenarios including one under which Japanese and U.S. armed forces conduct joint operations in case China invades the islands, Kyodo said. Any fighting with Japan would escalate far more quickly … Continue reading →

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Just wow….

Posted on March 16, 2013 by MG

The levy will see deposits of more than 100,000 euros in Cypriot banks hit with a 9.9 percent charge when lenders re-open their doors on Tuesday after a scheduled bank holiday on Monday. Under that threshold and the levy drops … Continue reading →

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Europe, Occupy and Economic Centrality

Posted on November 2, 2011 by MG

Remember that many governments don’t care what happens to their people: The 50% haircut, however, is really not 50% because the EFSF and ECB, which hold 55% of all Greek debt, are exempt from the haircut. So, at the max, … Continue reading →

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Non-existant promises

Posted on November 1, 2011 by MG

The Euro keeps its course: The fun take away for me: Weinberg believes emerging nations do not want to start paying for rich countries trying to avert economic decline. Yeah, not to mention that the question isn’t really, for the … Continue reading →

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