Tag Archives: Default

COTD: Venezuela Oil Production (t/bpd)

Ergo (among other things), this: There is some minimum threshold level of reserves most central banks will not cross and will resort to various policies to protect and ration foreign exchange reserves, including devaluation, import restrictions, capital controls, selective default, … Continue reading

Posted in Credit, Crude Oil, Uncategorized | Tagged , , | Leave a comment

Sovereign Debt and Geriatric Deadbeats

In the spirit of our earlier post, The Clash of Generations, we point you to an interesting piece, Geiatric Deadbeats, written by Ali Alichi of the International Monetary Fund (IMF).   He argues the age of a country’s population is inversely … Continue reading

Posted in Black Swan Watch, Demographics, PIIGS, Sovereign Debt, Sovereign Risk, State and Local Government | Tagged , , , , , | 4 Comments