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Just A Matter Of Time Now?

Discussion in 'The Economy' started by Chris C, 14th Jun, 2012.

  1. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    Spanish 10 year bonds just broke through to record highs:

    SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Chart - GSPG10YR - Bloomberg

    With deposits beginning to leave Spainish banks it would seem to be just a matter of time now...

    :cool:

    Will they make it to 2013 without defaulting?

    Will the market capitulate on all the PIIGS and finally call a spade a spade?

    Short of issuing Euro bonds and Germany agreeing to some new fiscal transfer payments within the next couple of months you'd have to think this may all unravel very quickly.

    Let's hope that if it does end up that way it will be an amicable break up rather than one that involves a lot of finger pointing and who owe what to whom...
     
  2. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
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    Location:
    Brisbane, QLD
    Spanish 10 year bonds 7.15%... I don't think there is any coming back from these levels now unless we something dramatic for the rest of the EU and ECB.
     
  3. wdongli

    wdongli Well-Known Member

    Joined:
    31st Mar, 2010
    Posts:
    1,292
    Location:
    Perth
    Dear Sir, there are a lot and a lot of black swans there and here. It is not good to be in any ruins but historically human being is not too bad now! Warriors are products to be consumed for high or low consequent future.

    1. don't run in the ruins
    2. don't lose the gut in future
    3. keep yourself, if possible others, safe and revive
    4. if you can see the darkness, you would have high probability to see the brightness
    5. Clouds can hide the sun and sun overwhelm the clouds. It is always even not all can have this vision.

    They are the prescriptions given by the greats of generations even a lot of them didn't do the researches by themselves.

    Human generally is stupid and the simplest matters just confuse him! Stop to be stupid!