Debt Archives - Larry Roibal

Mario Monti

roibal — Mon, 14 Nov 2011 12:59:16 +0000

Ball point pen on today's newsprint

The respected economist has been tapped to form a new government in Italy, but credentials aside, he's going to have a hard time. The country has a little over four months to repay or refinance over 200 billion euros in maturing bonds. While interest rates on those bonds have climbed to 7.4 percent, we know Jon Corzine won't be a buyer at that or any price.

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Stuck in the Middle With You

roibal — Thu, 28 Jul 2011 12:36:40 +0000

Ball point pen on today's newsprint

5 days remaining.

read

Warning the song of the day scene from Reservoir Dogs contains graphic violence.

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Boehner Delays Vote

roibal — Wed, 27 Jul 2011 10:16:32 +0000

Ball point pen on today's newsprint

Boehner can't get his party in line for a vote and Reid says the senate wouldn't pass it if he could.

Count down to default is six days.

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Gang of Six

roibal — Thu, 21 Jul 2011 11:14:47 +0000

Ball point pen on today's newsprint

The countdown to default now stands at 12 days and the partisan bickering is still at a fever pitch. Of the 1oo senators sent to Washington to represent the people, only six seemed to want to do what's best without regards to political gain. That's a demoralizing ratio.

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Greece

roibal — Tue, 21 Jun 2011 12:36:28 +0000

Ball point pen on today's newsprint

Ironic that the Greeks were the inventors of spectator sport and the tragedy.

Today all eyes of Europe and the I.M.F. are on Greece. If the Greek government wins a vote of confidence tonight, it will get an immediate infusion of 12 billion euros and meet it's short term debt. If it fails to win the important vote, it's government will most likely default.

Stay tuned

Alan Simpson

roibal — Thu, 18 Mar 2010 12:52:07 +0000

Ball point pen on todays newsprint

Much to the hard rights dismay, the affable, quotable, folksy, former Senator Allen Simpson has returned to Washington to co-chair Presiddent Obama's bipartisan commission for reducing our mounting debt.

Good luck!

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Tough Love

roibal — Sun, 14 Feb 2010 14:46:15 +0000

Sharpie on today's newsprint

Faced with a bankrupt state government, New Jersey's new governor, Chris Christie is serving up some tough love.

Happy Valentines Day!

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Oh, What Did You See, My Blue-Eyed Son?

roibal — Tue, 02 Feb 2010 14:06:56 +0000

Ball point pen on the morning newsprint

The Deficit for the coming year is eleven percent of GDP and the most optimistic of forecasts project unsustainable debt for at least ten more years.

Translation: A Hard Rain's A-Gonna Fall.

I saw ten thousand talkers whose tongues were all broken,
indeed.

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Sheik Khalifa bin Zayed al-Nahyan

roibal — Tue, 01 Dec 2009 13:51:47 +0000

Ball point pen on the morning newsprint

The United Arab Emirates claim to be one country, but the religious, oil rich Abu Dhabi and it's current emir, Sheik Khalifa bin Zayed al-Nahyan seem hesitant to step in and bail out the secular, upstart Dubai, leading many to speculate about a rift between the two emirates. Dubai's reported debt now stands at 148% of it's GDP.

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Mohammed bin Rashid Al Maktoum

roibal — Mon, 30 Nov 2009 13:15:21 +0000

Ball point pen on the morning newsprint

An unprecedented construction boom, down turn in the economy and real estate markets, and the world-wide banking crisis, has caused the heavily leveraged, secular Dubia to seek help from the conservative, religious and financially sound big brother, Abu Dhabi. Stay tuned.

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