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Posts tagged "Federal Reserve"

Human Nature and the Economy

Human Nature and the Economy

This month has been an interesting one. We’ve finally been hearing some good news related to the economy. Just over a week ago Fed Chairman Ben Bernanke said that the recession was “very likely over,” (read about it here) and I have to say I felt a little bit lighter on the inside. This week […]

The Bond Market talks Original Sin

The Bond Market talks Original Sin

The short story here is that developing counties are no longer able to issue debt in their own currency, but have to issue in dollars. When a developing country issues debt in dollars, they can no longer print their own currency to pay off the debt, but they need to redeem it with dollars. Issuing […]