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The Emperor's Old Bonds - Credit Slips

« Second Circuit Holds Many Private Student Loans Are Dischargeable in Bankruptcy | Main | 15 Years of Credit Slips » posted by Mitu Gulati Andres Paciuc, Mike Chen & Charlie Fendrych, have just published their delightful paper on Chinese Imperial Debt in the Duke Journal of Comparative and International Law. This is a version of a paper that they did for my sovereign debt class with Mark Weidemaier a few years ago. Bravo! The paper is available here. Here is the abstract: Recent news artic...
United States Mark Weidemaier Andres Paciuc Mike Chen Charlie Fendrych International Law Mike Chen

Stocks solidly higher as inflation data not as bad as feared

1 of 5 A woman wearing a face mask walks past a banks electronic board showing the Hong Kong share index in Hong Kong, Thursday, June 10, 2021. Asian shares are higher after Wall Street logged modest losses, as investors await key U.S. inflation data. Benchmarks rose across the region, but stayed in a narrow range. Kin Cheung - staff, AP People wearing face masks walk past a banks electronic board showing the Hong Kong share index in Hong Kong, Thursday, June 10, 2021. A...
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Stocks open higher on Wall Street; AMC jumps on stock sale

Dont miss the big stories. Like us on Facebook.   Stocks were mostly higher in early trading Tuesday as investors returned from a three-day holiday weekend in the U.S, helped by economic data that showed manufacturing growing steadily as the coronavirus pandemic wanes in the U.S. The S&P 500 index was up 0.1% as of 10:05 a.m. Eastern. The Dow Jones Industrial Average rose 0.3% and the Nasdaq slipped 0.1%. The Institute for Supply Management reported that manufacturing picked up again in May....
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Stocks end mixed on Wall Street after early gain evaporates

A wobbly day on Wall Street ended with a mixed finish for the major stock indexes Tuesday as losses in technology and health care companies offset gains elsewhere in the market. The S&P 500 gave up an early gain, slipping less than 0.1%. That broke a three-day winning streak. The benchmark index had been up 0.7% in the early going. The tech-heavy Nasdaq inched 0.1% lower, while the Dow Jones Industrial Average eked out a 0.1% gain. The markets modest moves came as investors returned from a thre...
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