Archiv 22. Juni 2011

Mittwoch, 22. Juni 2011

Was kann Griechenland bieten? Nichts.

Greece, a small country with a small GDP and no oil…whose strategic export is olives…and whose last real military victory was the Battle of Jhelum in 326 BC, in which Alexander the Great defeated an Indian Rajah named Porus. […] If they’d let Greece go broke 3 years ago, the problem would be behind us instead of in front of us.

Quelle: Embracing Catastrophe: Why You Shouldn’t Fear the Markets’ Next “Lehman Moment”

Anmerkung am Rande: Alexander der Grosse war Mazedonier.

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Labels: Wirtschaft

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Mittwoch, 22. Juni 2011

Die Stunde der Steuerzahler

the State, as a borrower, has a nearly inexhaustible form of collateral: the taxpayer. It’s the taxpayer that guarantees interest payments on government debt will always be met, and principal always repaid.

Quelle: The Big Fall Harder

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Labels: Wirtschaft

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Mittwoch, 22. Juni 2011

Der Euro säuft ab

The ECB continues to run around giving new meaning to the phrase „rearranging deck chairs on the Titanic“.

Quelle: Shells and Contagions

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Labels: Allgemein

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