Sovereign debt bubble thread

[Syt]

It's not an issue in Vienna. Most non-chain take-out places are run by Muslims, so they'll usually serve chicken or fish or turkey based stuff. And there's a few Israeli/Jewish places, too.

[Tamas]

I have come to dislike pork.

[DGuller]

I have come to dislike pork.

Allahu Akbar! 

[Duque de Bragança]

I have come to dislike pork.

Allahu Akbar! 

Tamas drinks alcohol though so that only makes him a wannabe Jew.

[Ed Anger]

I have come to dislike pork.

[Grey Fox]

I have come to dislike pork.

Stop over cooking it then.

Pink is alright.

[Tamas]

I have come to dislike pork.

Stop over cooking it then.

Pink is alright.

[Admiral Yi]

Stop over cooking it then.

Pink is alright.

[Crazy_Ivan80]

I have come to dislike pork.

stop eating it with beets then :p

[MadImmortalMan]

Stop over cooking it then.

Pink is alright.

Shame on you. 

[Admiral Yi]

Shame on you. 

Actually you're right.  I puked before I thought.

[Tamas]

I have come to dislike pork.

stop eating it with beets then :p

OH SNAP! 

[citizen k]

http://www.zerohedge.com/news/can-it-happen-again-again

Many have talked about it. More have eschewed it. But Minsky's hugely important insight in asking the question "Can 'It' Happen Again?" regarding the Depression remains critical reading for any- and every-one who opines day-in and day-out on how much we need or do not need Central Bank money-printing. As Bill Gross put it:

    Minsky, originator of the commonsensical "stability leads to instability" thesis; the economist with naming rights for 2008's "Minsky Moment"; the exposer of the financial fragility of modern capitalism; probably couldn't imagine the liquidity trap qualities of zero-based money, because who could have conceived 30 or 40 years ago that interest rates could ever approach zero per cent for an extended period of time? Probably no one.    

    Nor, more importantly I suppose, can Ben Bernanke, Mario Draghi or Mervyn King. In their historical models, credit is as credit does, expanding perpetually after brief periods of recessionary contraction, showering economic activity with liquid fertiliser for productive investment and inevitable growth.

For a long-weekend, the full 30 year-old must-read paper here:

http://www.scribd.com/doc/104546616/Minsky-Can-It-Happen-Again

[The Brain]

I have come to dislike pork.

WTF

[Admiral Yi]

http://www.zerohedge.com/news/can-it-happen-again-again

Many have talked about it. More have eschewed it. But Minsky's hugely important insight in asking the question "Can 'It' Happen Again?" regarding the Depression remains critical reading for any- and every-one who opines day-in and day-out on how much we need or do not need Central Bank money-printing. As Bill Gross put it:

    Minsky, originator of the commonsensical "stability leads to instability" thesis; the economist with naming rights for 2008's "Minsky Moment"; the exposer of the financial fragility of modern capitalism; probably couldn't imagine the liquidity trap qualities of zero-based money, because who could have conceived 30 or 40 years ago that interest rates could ever approach zero per cent for an extended period of time? Probably no one.    

    Nor, more importantly I suppose, can Ben Bernanke, Mario Draghi or Mervyn King. In their historical models, credit is as credit does, expanding perpetually after brief periods of recessionary contraction, showering economic activity with liquid fertiliser for productive investment and inevitable growth.

For a long-weekend, the full 30 year-old must-read paper here:

http://www.scribd.com/doc/104546616/Minsky-Can-It-Happen-Again

The liquidity trap is common knowledge.  I learned about it as an undergrad.