tag:blogger.com,1999:blog-3758330678390419129.post8007665302272101254..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Major Warning Sign for Spain's EconomyRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-60418926563075027582012-07-25T15:05:21.062-04:002012-07-25T15:05:21.062-04:007% is the magic number because it results in inter...7% is the magic number because it results in interest over ten years equal to the principal. So it's really just a feel-good (feel-bad?) idea that if a country has an X shortfall now, it's not going to have 2X in ten years to pay it back.<br /><br />(1.0717 ^ 10 ~= 2)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5444525786193246872012-07-24T23:39:36.425-04:002012-07-24T23:39:36.425-04:00I don't quite get why 7% interest means the en...I don't quite get why 7% interest means the end of days. Wasn't the T bill at 7% in the early 90's? Isn't this how the market (yes I know its not entirely free) is supposed to work? Risk increase generally gives you higher return. <br /><br />But that's just me...still can't figure out why you would buy a t bill at 1%.Phatheadhttps://www.blogger.com/profile/05101643264100406083noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1107089118044346422012-07-24T22:00:22.621-04:002012-07-24T22:00:22.621-04:00Bailout alert. Don't worry, central banks nev...Bailout alert. Don't worry, central banks never run out of money.Wagsnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-22842625646278183332012-07-24T21:48:27.679-04:002012-07-24T21:48:27.679-04:00Sounds like US 2015Sounds like US 2015Anonymousnoreply@blogger.com