…Calmly observing the changing world

Supposedly, countries around Europe are tightening their belts.  Gone are the days of reckless spending, they say.  The Tories are ruthlessly slashing services after taking power: Chancellor of the Exchequer George Osborne announced today a 25 percent cut in spending over the next four years, excluding overseas aid and the National Health Service. The move [...]

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 [...]