As with most economic situations, there are winners and losers, but under the hyperinflationary conditions, there is only one side to that equation where most people end up, and that is the side of the “loser”. As the money becomes worthless, people with savings suddenly realise that their savings are now worthless. Hyperinflation is […]
How much do you owe?
Where there is debt, interest payments follow. The discussion about debt is a discussion more people should be having as the global debt just reached a staggering $247 trillion for the first quarter of this year. When interest rates eventually spike, repayment and refinancing will be a challenge for the average household and some debts […]
When a broad and unspecific deal is so hard come by- and some have used blackmail- it is much harder to negotiate and fill in the details. This looks like a political deal to keep Monti in power. A long-term road map towards a fiscal union, so no sign of common Eurobonds ” in Merkel’s […]