VENEZUELA TO REVEAL $240BN DEBT PILE IN WORLD`S LARGEST RESTRUCTURING / THE FINANCIAL TIMES

Venezuela to reveal $240bn debt pile in world’s largest restructuring Caracas to disclose it has much more borrowing than expected after ove...

THE TRUTH BEHIND GDP / MACLEOD FINANCE

The truth behind GDP Adjusting GDP for the value of real money (gold) exposes GDP growth to be a meaningless sham. The error is leading towa...

THE NIGHTMARE SCENARIO: WHAT HAPPENS IF AMERICA DEFAULTS ON ITS DEBT? / THE ECONOMIST

The nightmare scenario What happens if America defaults on its debt? An unimaginable eventuality becomes all too imaginable The american con...

AMERICA IS HURT BY ITS DEBT CEILING THEATRE OF THE ABSURD / THE FINANCIAL TIMES OP EDITORIAL

America is hurt by its debt ceiling theatre of the absurd The only reason a default is conceivable is the depth of disagreement in the count...

THE DAY AFTER THE DROP-DEAD DEBT CEILING DATE / THE FINANCIAL TIMES

The day after the drop-dead debt ceiling date Will the end of “extraordinary measures” lead to financial Armageddon or not? Ajay Rajadhyaksh...

DEBT DEFAULTS START TO LOOM MORE OVER MARKETS / THE FINANCIAL TIMES OP EDITORIAL

Debt defaults start to loom more over markets Rising cost of capital will expose strains in the financial system Katie Martin  No matter wha...

MORE CORPORATE DEFAULTS SEEM TO BE ON THE WAY / THE ECONOMIST

Buttonwood More corporate defaults seem to be on the way Despite a mini-boom in the bond market, defaults are priced in It was a c...

ARGENTINA ON THE BRINK OF DEFAULT AS IT WRANGLES WITH BONDHOLDERS / THE FINANCIAL TIMES

Argentina on brink of default as it wrangles with bondholders Negotiations to restructure $65bn of foreign debt continue but both sides s...

FROM CORONAVIRUS CRISIS TO SOVEREIGN DEBT CRISIS / THE FINANCIAL TIMES

From coronavirus crisis to sovereign debt crisis © AP In this guest post, Lee Buchheit, professor at the University of Edinburgh’s Law ...