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Ludicrous Proposal by Harvard Economics Professor to Force Taxpayers to Buy Spanish Bonds; Mish's Five-Point Alternative Proposal

Precisely why should taxpayers bail out banks that made stupid loans? Feldstein never bothers to say. Are bondholders never, ever to take a loss? Feldstein's proposal is so preposterous and so devoid of rudimentary thinking about taxes (by whatever name) that it should be clear that he is unfit to teach
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Here's How We Know The ECB Thinks It's Better Than Private-Sector Bond Holders

Business & Finance : Business Insider: Money Game (3 years ago)

The ECB is swapping its Greek bonds for bonds of an identical structure and nominal value, to avoid taking losses if Athens chooses to impose involuntary losses on bondholders, according to Bloomberg. The only difference between the... Read Post

CHART OF THE DAY: The Defining Central Bank Trade Of 2013

Business & Finance : Business Insider: Clusterstock (2 years ago)

Miller Tabak's Chief Economic Strategist Andrew Wilkinson thinks he has identified what will be the central bank trade of the year in 2013. One might expect the trade to involve buying Spanish or Italian bonds, which, according to a... Read Post

Ludicrous Proposal by Harvard Economics Professor to Force Taxpayers to Buy Spanish Bonds; Mish's Five-Point Alternative Proposal

Business & Finance / Economics : Mish's Global Economic Trend Analysis (2 years ago)

As the economic crisis lingers on, the number of ludicrous proposals to deal with the crisis rises every month. I have lost count by now of preposterous ideas and who made them (does anyone have the complete list?), but a proposal b... Read Post


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