White Knight Irony: IMF Threatens to Walk Away From Bailout Deal Citing Unsustainable Debt

MishTalk

IMF to the Rescue? In the final minutes of the gunpoint "negotiation" between Greece and its creditors, the last two sticking points were IMF involvement and €50 billion in pledged Greek assets in return for another "bailout". Prime minister Alexis Tsipras said he could not give in on those demand.

America, Watch Closely! Wayne County Careens Towards Bankruptcy; Detroit Pensioners Claim "We Wuz Robbed"; This Too Will Spread

MishTalk

Evans said the county pension plans were 95 percent funded about 10 years ago, but were only about 45 percent funded in 2013 and are on pace to be 39 percent funded by around 2023 without corrective action. Just as Detroit is coming out of bankruptcy, the entire county is about to go under.

How the New U.S. Tax Plan Will Affect Health Care

Harvard Business

from 2014 to 2023. from 2014 to 2023. John Kuczala/Getty Images. The new Republican tax bill, which the House passed this afternoon and the Senate is expected to approve tonight, is complex, but what it will mean for health in the United States is simple: less.

Why Are Mules Stubborn? Why Can't Blind Jackasses See?

MishTalk

has had a ZIRP for “only” seven years; if the Fed were to match the duration of the Bank of Japan’s idiocy and stubbornness, it would persist with a ZIRP until at least 2023. Here's my theoretical question for the day: Why are mules stubborn, and why can't blind jackasses see?

Greece Boils Over; No Rules, Just Right; German Rabbits

MishTalk

In theory, it could default on the two loans it received from its EU partners, though it is not due to start repaying the first of those until 2020, and the second in 2023. The inevitable in Greece gets closer and closer. Looking back, I wonder how many rabbits in the hat there were. More importantly, how many still remain? I believe the answer to the latter question is zero.

Ukraine Government Delays Vote, Currency Hits Record Low, Default Feared; Ukraine Asks for $35B, Bank Runs Underway

MishTalk

The yield on dollar debt due 2023 was up 30 basis points at 9.554 percent at 5:32 p.m. The Ukrainian Hryvnia fell to a record low today with warnings from Russia regarding defaults.