Uh, oh, indeed. The Financial Times reports in its May 31 edition that yields on two-year German bonds on May 30 fell to zero for the first time. As the Times put it, investors are willing to lend to Berlin for two years for no return. The yield on the [continue reading . . . ]
Uh, oh. That’s what I find myself muttering these days when I fire up the news browser or open my morning papers. The economic news leaves me with a sense of dread. I find three developments especially worrisome: 1. Europe’s slow-motion economic crisis, now more than three years old, rumbles [continue reading . . . ]