Bernanke and 87-year-olds with mortgages

December 15, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

A financial advisor who counsels 57-year-olds to lock themselves into large loan payments until they are approaching 90 probably ought to be looking for another line of work.

Europe ignores credit dynamics

December 13, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

Europe‘s rule-based approach to fiscal reform will fall short because it effectively ignores the dynamics of credit markets, which laid the tracks along which this train wreck traveled.

Don’t fear the death of excess debt

December 8, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

How do you save an economy during a debt bust without mass defaults or a lost decade?

Merkozy decrees: no more losses

December 6, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

Call it the Merkozy Plan – there shall be no more losses.

German Chancellor Angela Merkel and French President Nicolas Sarkozy unveiled on Monday yet another final plan to save the euro, this time calling for new treaty provisions to ensure members maintain fiscal discipline as well as an all-too-predictable move to hold monthly meetings of EU heads, seemingly an attempt to revive Europe by providing business for its caterers.

Central bank credit exceeds their grasp

December 2, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

To judge by equity markets, central banks have all the credibility in the world, but their reputation just may exceed their actual power.

Japan and the debt faith crisis

December 2, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

Could Japan be the next victim of the crisis of faith in government bonds?

Despite carrying public debt more than twice the size of its economy and suffering from poor growth and an aging population, Japan’s government can still borrow money for 10 years at just over 1 percent.