No, that’s not the yield on the U.S. 10-year bond (rapidly dropping towards 2%). It’s the yield — as of this morning — on Germany’s 10-year bond, regarded as an even safer bet than U.S. debt. Aside from a little confusion (I thought Deutsche marks were replaced by euro’s?), it raises this question: if at...Read More
MN State Fair Dispatches “Euro,” the currency, may be distinctly out of favor, but “Euro,” the word, is very much in vogue. Where? At this year’s Minnesota state fair. Half the kiddie rides seemed to use it as an adjective, as in “the Euro Bobble,” “the Euro Jump,” etc., etc. How . . . exotic...Read More
