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Greek 30 Year Bond Cash Price: 50 Cents

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Surely this kind of haircut would mean a full blown European banking crisis...

I don't see how the Eurozone could survive such a crisis without resorting to QE.

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by Josephine29

on Thu, 04/21/2011 - 11:59

#1192618

In case people are wondering what things were like before the "rescue" of Greece here is an explanation.

As we approach Easter 2011 I thought it was time to look for some perspective and so I looked at the situation on Easter 2010. The Greek two-year goverment bond yield was 5.79% and the ten-year was 6.53% in what was already something of a crisis. Last night they closed at 22.07% and 14.87% respectively and the changes are rather eloquent about what has happened over the past year. When you consider the capital employed by the Euro zone then the inversion of short yield which now way exceed longer ones is analagous to a football goalkeeper catching a shot but then in an attempt to start his own teams attack somehow throwing the ball into his own net.

Oh dear...

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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