The German government's federal bond. The bund is issued to the public as a way for the German government to finance its spending. The bund is like the Treasury bonds in the U.S. They are government-backed instruments of the highest quality.
We’re next. With the dollar about to crash it makes sense to buy EVERYTHING that you think you might need for the next decade (except, maybe, food, as it is very tough to store). If you have the money, NOW is the time to buy new cars, appliances, and soap.
Idiotic article speaks poorly of “speculators”.....I’ve got news for this author....”speculators” don’t cause these problems.....crappy citizens who vote for crappy leaders cause these messes.....speculators trade on the facts....people don’t want to recognize the facts so they go after “speculators”.....how about going after crappy politicians who create these welfare states?
(looking up definition of bps....waiting....waiting)
Oh, bps = basis points = 0.01%. So the Greeks have to pay 4-4.5% more interest on their bonds than the Germans do.