Observations and opinions. My opinion and $1 (it was 50 cents but I've adjusted for inflation) will get you a cup of really bad coffee.
Sunday, January 29, 2012
Come and Whisper in My Ear - Tell Me All the Things That I Want to Hear
"Investors want to hear a convincing story why they should buy new bonds. As investors remain reluctant, governments must pay high interest rates or offer guarantees so struggling countries can get the funds needed to operate."
Silly Eurotrash should just have the ECB monetize all their debt like our Dirty Fed does.
ReplyDeleteIf they had the reserve currency of the world, they probably would have by now.
ReplyDelete