Category: Sovereign bankruptcy

Month in review, February 2015: Part 2, From Yes to No to Maybe

24 March, 2015 (10:00) | Architecture, Brutalism, Golf, Greece, Grexit, Month in review, Paul Rudolph, Rent control, San Francisco, Sovereign bankruptcy, Speculation, Theory | No comments

By: David A. Smith [Continued from yesterday’s Part 1.] Though committees, as we saw yesterday, have grave difficulty approving and acting upon anything, the same groups can swiftly reach a consensus to oppose anything, or even better, endorsing its regulatory variation, Pay me not to oppose you, as Everett casino developer no doubt expected, as […]

Month in review, February 2015: Part 1, Global to personal

23 March, 2015 (10:00) | Architecture, Brutalism, Golf, Greece, Grexit, Month in review, Paul Rudolph, Rent control, San Francisco, Sovereign bankruptcy, Speculation, Theory | No comments

By: David A. Smith Among housing’s many fascinations for me is that it connects the most global issues (like money and currency) with the most local ones (such as where to buy a condo or co-op), and in February these two were linked more than usual.  Global forces can land anywhere In February, the ornery […]

Creditor of deadbeats = deadbeat debtor: Part 2, Your creditors can’t handle the truth

6 March, 2015 (10:02) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith Yesterday’s Part 1 reporting on the continuing psychodrama that is Greek insolvency established that Greece’s inability to pay its sovereign debt stems, at least in large part, from its inability to collect taxes Greek laws say its citizens owe. Nor does the Eurozone’s glib formulation – […]

Creditor of deadbeats = deadbeat debtor: Part 1, Bad debt and bad paper

5 March, 2015 (10:00) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

By: David A. Smith No sooner had I written People value a government they pay taxes for than confirmation of the thesis was forthcoming, in the form of facts, new to me (which is definitely my oversight), that make Greece’s prospects in the Eurozone even worse than I had previously thought. We’re readying the tax-evasion […]

Just WHO has a problem here?

5 February, 2015 (09:28) | Banking, Bankruptcy, Bonds, Capital markets, Euro, Eurozone, Global news, Greece, Grexit, Guarantees, Sovereign bankruptcy, Speculation, Syriza | No comments

By: David A. Smith [Interrupting Month in Review, December for some current and topical news – Ed.] Nick Fury: No matter who wins or loses, trouble always comes around… The Avengers, Age of Ultron Here comes trouble As Tony Stark’s creation Ultron said, just before he launched all-out war on humanity, “Everyone creates the thing […]