Prof. Jayanth R. Varma's Financial Markets Blog

Photograph About
Prof. Jayanth R. Varma's Financial Markets Blog, A Blog on Financial Markets and Their Regulation

© Prof. Jayanth R. Varma
jrvarma@iima.ac.in

Subscribe to a feed
RSS Feed
Atom Feed
RSS Feed (Comments)

Follow on:
twitter
Facebook
Wordpress

March
Sun Mon Tue Wed Thu Fri Sat
  5
     
2010
Months
Mar
2009
Months

Powered by Blosxom

Fri, 05 Mar 2010

Greek bond issue

That Greece could borrow money at all (even if it is at 3% above the risk free rate) seems to have calmed the markets a great deal. I am reminded of this piece of Rothschild wisdom:

You are certainly right that there is much to be earned from a government which has no money. But you have to take risks.

That is James Rothschild writing to Nathan Rothschild nearly two centuries ago as quoted by Niall Ferguson, The House of Rothschild: Money’s Prophets 1798-1848, Chapter 4.

Posted at 19:19 on Fri, 05 Mar 2010     View/Post Comments (0)     permanent link