With the Greece vote confirmed last night for a “No”, what’s going to happen to the markets? Well in short, a decline without a doubt will affect most equity markets, but I have my doubts that we’ll see the 5-10% drop that occurred in 2011. In the end this wonderful story of capitalism in Greece […]
Read More →Hello World I’m back! So 4 years after constant news mongering that Greece was dead, leaving the EU, on the edge of creating a brand new global finanical crisis they’ve returned to the market selling EUR3 bn five year bonds with a yield just under 4.9%. At one point their 10 year bonds (chart below) […]
Read More →Goldman Sach’s Jim O’Neil latest paper last week had a fantastic stat: “Despite this, my main message is – once again – to please keep this in perspective. Greece’s economy is somewhere between $300 to $350 bn. Last year alone, China’s GDP increased by $1.4 trillion, to $7.3 trillion. I reckon that means China has created […]
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