Russia failed to sell government bonds today. The following is from Kommersant (translated by Google). The Ministry of Finance canceled an OFZ auction for the third time in a month. The Russian Minis… (View Post)

Britain isn't really in a position where it can afford to pay higher interest on its debt, and borrowing less is obviously a fine objective, but it's easier said than done. If you can keep … (View Post)

Tell Sid. (View Post)

Set a ceiling in terms of percentage* of GDP and then vary the qualification age and rate to keep below that ceiling. * You can define the ceiling in terms of a five-year average of GDP so that you d… (View Post)

Yes. There were a couple of small Russian river barge tankers that sank in a storm in the Azov Sea a while ago, and they're still cleaning up the resulting mess. Imagine multiplying that by a hu… (View Post)