Monday, September 12, 2011

Double Your Money

The yield on Greek 1-year debt passed 100% this a.m.

Step right up. Getchy'ur Greek one-year bonds for half price. Double your money in just one year!

The only catch: Greece must avoid defaulting on its sovereign debt before the bonds mature. Wanna bet?

[update 09-14-11:]

The yield on the same debt touched 148% hours ago. Can you hear me NOW?

Two days later.

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