As noted in German Two-Year Bonds Have Negative Yield, Demand High; Euro Bond Bubble Guaranteed to Burst, " Banks lend (provided they are not capital impaired), when credit-worthy borrowers want credit and banks perceive risks worth lending."So which is it, lack of credit-worthy borrowers or capital impairment. The answer is likely both, but the spotlight goes on capital impairment, and Texas Ratios, a the ratio pf bad loans to equity.
The board of JPMorgan Chase voted Tuesday to release an internal report detailing the bad bet -- and related management missteps -- that cost the nation's largest bank more than $6 billion, according to several people familiar with the matter.
Submitted by Adam Taggart of Peak Prosperity A Short Lesson in Bad Decision-Making In business school I had to take an introductory class in statistics that we colloquially called "D&D." The official course name was Data & Decision-making.
Amnesty International says satellite imagery shows 9,000 people have been forcibly evicted from their homes or businesses in a Lagos, Nigeria slum this year. And while residents told the organization that they were forced to leave at gunpoint, the government says the area was a trash dump.
It is an old story, and it is not just in Nigeria. Poor people build makeshift homes on empty land. When the land becomes valuable they are forced out. Amnesty International says in February of this ...
Most social worlds lack a norm of giving much extra respect to claims supported by offers to bet. This is a shame because such norms would reduce insincere untruthful claims, and so make for more accurate beliefs in listeners. But instead of advocating for change, in this post I wonder: why are such norms rare?
It's hard to have too much sympathy for those buying Greek bonds. Then again, one should always want a fair market, not a rigged one in which certain players can never lose.
Please consider the question How much did the IMF, ECB and EU bailouts harm Greek bondholders?