The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Where this breaks down is when everybody goes broke at the same time, because some right-wing idiot (but I repeat myself) was allowed to play with levers of government that he has neither the understanding nor the inclination to handle safely.
Friends come and go. Enemies accumulate.
It means you're virtually guaranteed no upside and all downside. Logarithmic utility can be really nasty on the downside.
There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
You need to look at the discounted value of the expected cash flow rather than the nominal principal, for the same reason you need to look at MWh produced rather than nameplate capacity when evaluating the required price of volatile energy sources.
If you hand the keys to the sovereign over to right-wingers, then of course they break it. But that is not dependent on the particulars of finance theory - right-wingers break your economy because breaking countries for fun and profit is what right-wingers do.
by Luis de Sousa - Sep 22 2 comments
by Oui - Sep 23 9 comments
by Frank Schnittger - Sep 10 5 comments
by Cat - Sep 14 14 comments
by gmoke - Sep 19 1 comment
by ARGeezer - Sep 7 40 comments
by Frank Schnittger - Sep 2 57 comments
by gmoke - Sep 24
by Oui - Sep 239 comments
by Luis de Sousa - Sep 222 comments
by gmoke - Sep 191 comment
by Cat - Sep 1414 comments
by Frank Schnittger - Sep 105 comments
by ARGeezer - Sep 740 comments
by Frank Schnittger - Sep 257 comments
by THE Twank - Aug 3110 comments
by Frank Schnittger - Aug 2757 comments
by Cat - Aug 2222 comments
by Cat - Aug 2225 comments
by Cat - Aug 185 comments