…Calmly observing the changing world

With the pace of economic news vastly exceeding the amount of time I currently have to dedicate to this blog, there is no point in trying to keep up.  Despite this, I’d like to quickly post regarding a comment made by Germany’s finance minister Wolfgang Schäuble: “I’m convinced the markets are really out of control. [...]

It’s both heartening and unsettling to see one of MarkOnMarket’s key issues come to its initial fruition.  Greek bonds – never the bedrock of stability – have finally been shown to be worth just about nothing.  Interest rates soared passed double digits after S&P belatedly rated the bonds as “junk” which caused a wave of [...]