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This subthread began with my suggestion that fear of a jump in interest rates (aka punishment by teh markets, whether personified by "bond vigilantes" or metaphorically represented by the "invisible hand") was a factor in Holland/the government's pusillanimous stance. That's a political comment that doesn't call for an economic model.

As to how justified that fear may be, you seem to agree there would be a rise, but it would not last long. You may be right. It doesn't change my political comment.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri May 30th, 2014 at 02:06:11 AM EST
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I just remarked that the "bond vigilantes " are an largely imaginary threat.
by IM on Fri May 30th, 2014 at 09:24:45 AM EST
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They are very real, for any country which lacks a lender of last resort.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri May 30th, 2014 at 11:11:13 AM EST
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It's interesting how much top politicians (and their policies) are driven by imaginary threats. On both sides of the Rhine.
by Bernard on Fri May 30th, 2014 at 12:53:33 PM EST
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Our imaginations can provide us with reasons to do or not do anything we desire. Very convenient. Convenient imaginations conjoined with convenient consciences.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jun 2nd, 2014 at 07:24:16 PM EST
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