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Portuguese 10-Year Bond Yield Reaches Record 10.70%

13 Jun

Bloomberg

Greek default options

12 Jun

Via The Economist:

Ex Irish Finance minister Lenihan dies aged 52

11 Jun

Our thoughts are with Brian Lenihan and his family.

I commented about Brian Lenihan and Ireland’s solvency problems below:

A trip to the UK and ‘austerity’

 

Irish 10-Year Yield Rises to Record 11.24%

11 Jun

  Bloomberg.com

NIALL FERGUSON: The iPIGS, don’t forget Italy!

29 May
Vodpod videos no longer available.

UBS’ DONOVAN – Expect more mediocre growth and the G8 will accomplish nothing

29 May

Donovan sees the G8 meetings as being essentially irrelevant and useless. He believes as usual the meetings will achieve nothing. Donovan expects Euro growth to remain tepid and even mediocre. He calls for a rational approach to appointing the next IMF Head based on their candidacy rather than their nationality. However, he does not believe Greece can withdraw from the Euro and does not see emerging markets having a real impact, but will become relevant in 15 years. These last two points regarding Greece and emerging markets I disagree with but the rest of the video summarises the current European market dynamics quite well. Again I cannot subscribe to the institutional groupthink around the non-viability of a Greek Euro exit and the non-relevance of emerging markets.

Vodpod videos no longer available.

PIGS are borrowing at mafia loan shark rates!

27 May


   Source: BBC

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