The Irish Economy
More analysis from the IMF here.
Pricing of debt in many cases is meaningless at the moment.
The FT recently cited Philippines Sov debt which yields 3.6% today. It cost 800 bps to insure against a default in 2008 and today the price is 100bps.
Swiss 10 year yield is 0.4% or so. Totally overvalued.
“Tracking Global Demand for Advanced Economy Sovereign Debt”
They will have to change that headline to remain creditable I fear.
“Tracking Global Demand for liberalized Economy Sovereign Debt”
These units no longer have a advanced workforce capable of anything but selling insurance.
The UK no longer has the capacity to build a single reactor.
France struggles to build one reactor with Marx brothers like night at the opera stuff in Finland…………
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