Tag Archive for Government Bonds

Real and Illusory Credit – Frederick J. Sheehan

 “When Ro-Ro goes No-No” expounded upon the ultimate futility of conjuring illusory wealth. Bernard Connolly’s analysis, “Rethinking the Rogoff-Reinhoff Thesis,” made the case. Connolly wrote This Time is Different: Eight Centuries of Financial Folly, “is largely an exercise in measurement rather than theory (while many of the data in the book are new, little or…

Monti Struggles to Keep Italy From Being the Next Domino to Fall – NYTimes.com

…On Monday, as concern grew about Italy’s prospects, investors were dumping Italian government bonds, causing the price to fall and the yield — a measure of the government’ borrowing costs and of investors’ perception of risk — to rise… Italy’s pressing issues include the fact that Spain’s acceptance of a bailout means Madrid can no…