Monday July 28, 2014
Argentina Wants to Pay Interest but not the Principal, Wednesday Deadline Looms
It was the Holding Company, not the bank that defaulted, what me worry? POrtugal is on the radar screen, again.
Russia Forgives $30 B in Cuban Debt It's Like the Cuban Missle Crisis never happened!
Russia Ordered to Pay $50 B to Yukos Yeah good luck on collecting that one along with responsibilityfor shooting down the Airliner
THisTime It's Not Different from the David Stockman Blog
Stockman also explains how the central bank zero interest rate policy has led to another expansion of junk loans with little collateral, hey it's free money right? Let rates edge up and we are right back to 2008 whne the sub primes could not pay
Professor Elam 
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