Bond rate suggests Ireland improving

[roc_]

Todays bond issue which raised 5bn was priced at 1.6% over the German rate, the spread was 2.4% in June.

This suggests the cuts in the budget has put us in better shape as a 33% decline the spread is great progress.

I would say that this improvement in investor sentiment is more a function of how ordinary Irish people have shown themselves to be willing to swallow any s**t they're given, rather than any perceived financial ability on our part... Like what have we done to make our real debt burden any lighter? - We've made it heavier... Or, how have we made ourselves more productive on a national or international stage? - We're still devoted to producing boom time fripperies whose raison d'etre is the maximising of 'economic rents'. I'd add that wages are the very least of our problems imo. I mean our problems as a modern functioning self-sustaining society, not the short term problems of business owners.

[southwestkerry]

Todays bond issue which raised 5bn was priced at 1.6% over the German rate, the spread was 2.4% in June.

This suggests the cuts in the budget has put us in better shape as a 33% decline the spread is great progress.

Well the bond market is safer than the index's for now as some chatter on the 'motley fool' is suggesting one more big drop for the stocks.