If a country’s growth rate is higher than the growth in the interest cost of servicing its debt, a debt model is sustainable. A business can only roll over it’s debt, if it’s capital base grows faster than the cost of servicing that debt, and same holds true for government. This is basic finance. The [...]
Federal Deposit Insurance Co. Chairman Sheila Bair said that the Obama Administration will force out big-bank executives who aren’t seen to be doing a “good job.” She said that in the wake of the “stress tests,” regulators will be asking: “Are there people who can do a better job?” And if the answer is yes, [...]