Tuesday, Feb 09, 2010
After the election...
Yahoo Finance: Why Sovereign Debt Pain Has Only Just Started
Let's play a game. I'll remove a few words from the following piece of debt market research and you guess which country the strategist author is talking about.
"The country urgently needs a credible and enforceable austerity plan - the worry for **** investors is that, despite all the **** posturing, politicians still fail to grasp the magnitude of the problem. Repercussions could be severe - the bond vigilantes are hovering and the backdrop is ever threatening ..."
Greece? Spain? Portugal?
Actually, it is the UK that Schroders' Head of European & UK Interest Rate Strategies David Scammell is talking about.
Posted by hotmail @ 03:51 PM (152 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.