Tag Archives: debt
Harpernomics
Canada won Best Economy at the G-20 Summit in Toronto. Our northern neighbor has a declining 8% unemployment rate while we marinate in a 9.7% rate. Fortune says Canada’s winning ways are due to less public spending and no bankers gone wild.
E.U. Time to Shine
Yesterday Germany outlawed naked shortselling. I looked it up, it has nothing to do with day trading at home in your underwear. In most short selling you have to borrow the security you are shorting and then return it at the hoped for lower price. With a naked short you don’t even borrow the the security. The euro responded to the new rule by falling to a 4 year low. The E.U. is on the hook for a trillion dollar bailout and Paul Volker says a breakup is possible.
