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 Frank Schnittger - Sep 18 63 comments
by Luis de Sousa - Sep 13 33 comments
by ARGeezer - Sep 7 63 comments
by Frank Schnittger - Sep 8 82 comments
by Frank Schnittger - Sep 4 18 comments
by Frank Schnittger - Sep 1863 comments
by Luis de Sousa - Sep 1333 comments
by Frank Schnittger - Sep 882 comments
by ARGeezer - Sep 763 comments
by Frank Schnittger - Sep 418 comments
by Frank Schnittger - Aug 3014 comments