Ferru123 wrote:New Democracy are at 1.36 to win in Greece tomorrow... perhaps New Democracy are a value lay at that price. IMHO, it's impossible to say whether the Greek people will opt for the devil, or decide they prefer the deep blue sea...
Ferru123 wrote:The Experiment Has Failed. Are You Ready? - http://www.zerohedge.com/news/guest-pos ... -you-ready
What’s funny is that the 20-year average of Italian 10-year bond yields since 1993 is 5.9%. They’re currently priced at 6.06%. Italian bond yields aren’t spiking, they’re just reverting to the mean. The real spike hasn’t happened yet.
Ferru123 wrote:Viewpoint: Why the young should welcome austerity - By Prof Niall Ferguson
'Western democracies are going to carry on in their current feckless fashion until, one after another, they follow Greece and the other Mediterranean economies into the fiscal death spiral that begins with a loss of credibility, continues with a rise in borrowing costs, and ends as governments are forced to impose spending cuts and higher taxes at the worst possible moment.'
when the PIIGS are wiped out attention will turn to the real pigs... the UK and the US
i've got plenty of respect for the Germans. yeah they were stupid to ever countenance the Euro folly
they are the only western country exhibiting any kind of common sense in the current crisis
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