European Spread Widening
February 17th, 2009 6:52 am | by John Jansen |Bloomberg story on the widening chasm between German bond yields and those of some of the weaker European borrowers. This is the next crisis in the making.
And good morning after a long weekend.
5 Responses to “European Spread Widening”
By Randy in Florida on Feb 17, 2009 | Reply
ah…another crisis…something new for a change
By Marcus Hunt on Feb 17, 2009 | Reply
meanwhile German zew survey the biggest rise for 15 years. Crisis: what crisis?
By John Jansen on Feb 17, 2009 | Reply
yeah. I dont get that.
By Kevin Mackey on Feb 17, 2009 | Reply
If you want to sink deeper into despair, read this:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4623525/Failure-to-save-East-Europe-will-lead-to-worldwide-meltdown.html
By JohnSmith on Feb 17, 2009 | Reply
Well the ZEW is obviously a static, lagging indicator, the “new” crisis has only been gaining traction since yesterday, with the moody’s report on Eastern European countries.
So not only do we have multiple Emerging market crises, but also submerging market crises of the UK and the US (To use William Buiter’s parlance)