Monthly Archive: November 2011

Why not sell German bonds? 0

Why not sell German bonds?

The German 30 year bond is yielding 2.8%: bloomberg.com The US 30 year bond is yielding the same: Yahoo Finance There is no margin of safety in Germany debt against the strong likelihood that...

Ignore all this supercommittee talk 0

Ignore all this supercommittee talk

Today’s ad-hoc explanation of market action seems to be the failure of the US Congress’ “supercommittee” to come up with a deal to slightly shrink the 2nd derivative of budget growth over 10 years....

Americans love war 0

Americans love war

To everyone else in the western world, November 11 is Armistice Day or Remembrance Day, a day to contemplate the lessons from and the ending of the Great War. WWI of course destroyed Europe,...