Dein erstes Forum » as to be minimally

European debt crisis to "the sanctity of debt contracts David Perron Jersey ," the era of the past. Debt crisis quickly spread to Ireland from Greece, and has become worse. Moi Nihan columnist Brendan invented a new word "financial origami," he says of the traditional crafts and origami now overwhelmed by chaos has striking similarities.

In the origami process, a piece of paper can be folded into a completely different after several piece of work, and in the financial world, stocks, bonds or derivatives and other financial assets can also be integrated into a heavy package of new securities in. "Financial origami," the call will come into being. Brendan Moi Nihan used the word to describe how financial instruments manufactured by the transfer of risk into a risk. In the event of a sovereign debt default, it is difficult by the liquidation of assets Colton Parayko Jersey , and in accordance with a certain percentage of the face value of debt to repay creditors, the method to solve the problem, so the debt restructuring to be a choice.

In my opinion, some countries are usually short-term interest rates to borrow in foreign currency denominated debt, and then in the maturity of the debt not being able to find a new lender; difficult to obtain the trust of investors, is one of the important reasons behind.

Under the huge debt can not break through the issuance of currency sovereign debt, debt default could, or both. For example, in 2008 against the foreign deposits in Iceland's deposit insurance liability Jake Allen Jersey , and devalue its currency. Russia and Argentina respectively, occurred in 1998 and 2001 debt default and to devalue the currency.

Today, the arrival of European debt crisis debt default event the market is expected to turn again. Ireland, Portugal and Spain Treasury credit default swaps (CDS) CDS prices have reached the sovereignty of Ireland earlier this year level. Although the EU is doing its utmost to avoid debt default, it is the main means of default this year, the European Union and Greece near the International Monetary Fund (IMF) to establish the total amount of 750 billion euros of financial assistance. But I am afraid that these assistance programs are only delayed the final day of the trial only.

European core of the problem is not debt too high, but in their debt principal must be reduced. If you do not, will fall into a vicious circle.

An example of this the American side of the ocean can also be found. California is a very good proof, California was struggling to be completed before Thanksgiving $ 14 Alex Pietrangelo Jersey ,000,000,000 debt issuance, but the result is not satisfactory. The recent 100-day plan to balance the budget, California can not enter the bond market, and after Thanksgiving, the United States will face a freeze on issuing bonds until the new governor in January next year, announced its new budget plan.

However, according to the Office of Legislative Analysis of the data Tyler Bozak Jersey , regardless of who served as governor of California had to face a huge budget deficit this year may be up to 250 billion U.S. dollars, and then about 20 billion U.S. dollars annually until 2016. Thus, not only municipal bonds will face difficult times, for the sale of goods and services to the local government enterprises, or even since 2007, losing in the state and local governments work in terms of more than 40 million people, will proximity to danger.

iShares S & P National Municipal Bond exchange-traded fund in the past month has fallen nearly 4%, on a small crowd for this group should become a tool for investment products, this is absolutely terrible performance. The index of municipal bond yields since the November 5 has been an increase of nearly 50 basis points.

Citigroup's former director Walter Wriston once said Alexander Steen Jersey , "A country is not bankrupt." This may be true. But unless this has an unusually large international debt. In other words, this explicit picture of the nature of the liabilities: smooth sailing when he was called the economic engine of high-rise building from the ground; difficult time, immediately became the last straw, so that the building came crashing down.
Inordinately fond of history as I am, I've decided to write about it. Not about my first love--from an historical perspective, I mean--Medieval European History, or my second love, Russian History. Not even about the bloodiest day in American History, the Civil War Battle of Antietam Brayden Schenn Jersey , which should have brought the Union cause close to victory, but, due to incomprehensible blundering, ended in a strategic draw, breathing two more years of life, at least, into Lee's Army of Northern Virginia. No, the history I want to write about is microhistory, i.e. Joel Edmundson Blues Jersey , MY history. Specifically, I wish to analyze, evaluate and discuss my recent struggle with cancer, and its meaning and consequences, if such may be found in that experience.


The B.C. to which the title refers is Before Cancer (or Before Chemo, if you like) and the A.D. stands for After Deconstruction. Those concepts and their respective meanings will take up the bulk of this essay.


But first, the salient facts: on February 28, 2005, just after my family's return from a ski trip in Lake Tahoe Carl Gunnarsson Blues Jersey , I woke up at about 2:00 a.m. with an unstoppable case of the hiccups, followed by an attack of almost unbearable abdominal pain. An ambulance took me to the emergency room at Lenox Hill Hospital, where the doctors diagnosed a ?perforation or hole in my stomach,? perhaps caused by an ulcer. They needed to operate immediately in order to save my life, but hoped that the surgery could be done laproscopically, so as to be minimally invasive. As the anesthesia was administered (for which I was deeply grateful), I could not have known that everything up to that point was, for me, B.C.


A day or two later (my memory is still somewhat hazy on the chronology of this period) Vladimir Tarasenko Blues Jersey , when I was still heavily drugged, but able to speak and concentrate, I was told what the rest of . Cheap Jerseys Cheap Jerseys China Cheap Jerseys Cheap Replica Jerseys Cheap NFL Jerseys Cheap NBA Jerseys China Cheap NHL Hockey Jerseys Wholesale Jerseys Wholesale MLB Jerseys Cheap Jerseys Wholesale