Quote:
Originally Posted by cavok  With respect to Germany I am of the opnion that they can ride a 2 year storm, I have dealings there and alot of their mini stims are working at the mo
If they are in trouble late '10 early '11 then I will be worrried
do you have contradicting indicators? |
No. I don't follow Germany closely. My opinion would be based on the reasoning that lending cash to the US at 2.8% or Germany at whatever their 10 year rate is is the height of insanity. Government bonds everyplace are at a historical high and buying at these prices is crazy.
Take the Irish bond today. If Linehan went up to you and asked you to lend him a 1000 euros with the promise that he would give it back to you in 2018 and give you 50 bucks a year in the interim
you would tell him to screw. You know that the probabily of the government having the grand in 2018 are very slack with the way things are going.