The bond market on Iraq
Holders of Iraqi bonds are giving President George W. Bush a vote of confidence. The country's $2.7 billion of 5.8 percent bonds due in 2028 returned 15.2 percent since July.
Random Observations for Students of Economics
I am a professor and chairman of the economics department at Harvard University, where I teach introductory economics (ec 10). I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.