Prudent Germany, the narrative goes, is loath to bail out freeloading Greece, which borrowed more than it could afford and now must suffer the consequences. Would it surprise you to know that Europe’s taxpayers have provided as much financial support to Germany as they have to Greece? An examination of European money flows and central-bank…
Tag Archive for Lent
Bears Chat, Best of the Forums
The Financial World has Twisted itself into a Curious Shape
by Bears Chat at The Wall Street Examiner • • 0 Comments
In both Europe and America the financial sector has been on the edge of disaster for the last three years. Each time a crisis flares up, the fixers rush in with a remedy. Bailouts, TARPs, TALFs, ZIRPs, QEI, QEII and now the ‘twist’.
In its lat…
Bears Chat, Best of the Forums
How To Lend Money To Friends Without Losing Both
by a Wall Street Examiner • • 0 Comments
A tale of two loans and two friendships: Guiliano Stiglitz, an executive who lives in Miami and London, says he has never had any resentment over money he loaned to a friend, even as much as $200. “I write it off immediately,” he says. “If they retu…
Liquidity Trader, Professional Edition
Nincompoops is Us – Professional Edition Fed Report
by Lee Adler • • 1 Comment
It was a busy day. The Treasury sold 3 issues, at which the indirect bid was generally strong, except for the small TIPS issue, which indirect bidders shied away from. The Primary Dealer bid on all three issues was absolutely enormous leading to huge bid/cover ratios on the shorter term stuff. That leads to the…
