This page has been archived and commenting is disabled.
Europe's Greek Contagion Update: Peripheral Bonds Risk Surges
While US equities suggest all is well and Greece is contained, the less mainstream-news indicators of European stress are starting to flash orangey/red as the surge in spreads across European peripheral bonds since the Greek election suggests Q€ is being over-run. Italian, Spanish, and Portuguese bond spreads are all wider on the year now and up 25-30bps from ther Greek Election (fastest rise in months). Greek bank bonds and stocks remain near record lows and even broad European stock indices are struggling to hold gains post-election.
Greek bank stocks have fallen and can't get up..
and Greek bank bonds are at record lows...
And the contagion is clearly spreading...
Charts: Bloomberg
»
- 5609 reads
- Printer-friendly version
- Send to friend
- advertisements -
The intrinsic value of all debt of bankrupt entities is 0. Including that of The U.S. of A.
Wealth is in the eye of the beholder. Debt is not, it is in the eye of the party owed. Wars happen due to this.
Yes but think how much interest you would receive on a zero value bankrupt country. It would be close to infinity!!!!
So this is... good for stocks I assume?
Yes, bullish, buy any fucking dip you can.
My what a nice spread you've got here.
Intelligence agencies monitoring all data and cell communications going in and out of the Eurogroup meeting. This is frontrunning.
And gold is getting the hose again. What these banksters won't do to keep the charade up.
As each week goes by one can sense how more and more desperate the central bankers are getting. It's only a matter of time.
DavidC
Tyler:
Got any news on Ireland?
The MSM is spinning Warm Happy Fuzzies about them here:
http://www.financialmirror.com/news-details.php?nid=33800
The markets are always slow to react to the oncoming storm:
1926 - house prices softened
1927 - car sales dropped
1928 - construction leveled off
But in wall street the music still played until 1929.
Banks have one product debts/loans.
The banks product is more popular than even the iPhone.
The banks product takes money from for the future for people to spend today.
The money is spent and the future is coming.
CRASH.
Usury was illegal in ancient times and with good reason.
"...Grexit's the time...is the place...is the motion...and Grexit's the way we are feeling....."
-Vlad "The Tiger Rider" Putin
Didn't we play this tune with Brazil in the '70's? Extend and pretend.
Kick that can,until ya can't....