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Author: jwelcome

Why Would Anyone Buy a Greek Government Bond?

Real interest rates in the eurozone area have been negative for a while. The proximate cause is simple: Eurozone growth is tepid and inflation is subdued, which has caused the European Central Bank to set its policy rate low as a way of stimulating the economy. The current interest rate is -0.5 percent, and once…

Republicans Want to Throw Giuliani and Sondland Under the Bus. Their Plan Is Ridiculous.

LeManna/Getty According to an astounding report by the Washington Post, Republicans have (yet another) brand-new strategy to defend President Donald Trump from impeachment—and it involves throwing Rudy Giuliani, Gordon Sondland, and “possibly” Mick Mulvaney under the bus. Under this new approach, Republicans would essentially acknowledge what has become obvious to everyone: that Trump’s henchmen really…

Now Here’s Alexander Vindman’s Interview with the House Impeachment Probe

Tom Williams/ZUMA One of Donald Trump’s most frequent attacks against the House impeachment inquiry has been investigators’ reliance on so-called secondhand information or testimony from individuals who weren’t on the now-infamous July 25 phone call between Trump and the president of Ukraine Volodymyr Zelensky. Those attacks never had much merit—the intelligence community has a long…