Jump to content




Welcome to Unexplained Mysteries! Please sign in or create an account to start posting and to access a host of extra features.


- - - - -

Bailout Cash Gives Europe Edge Over U.S.


  • Please log in to reply
1 reply to this topic

#1    questionmark

questionmark

    Cinicus Magnus

  • Member
  • 39,115 posts
  • Joined:26 Jun 2007
  • Gender:Male
  • Location:Greece and Des Moines, IA

  • In a flat world there is an explanation to everything.

Posted 05 December 2012 - 07:53 PM

Bloomberg said:


Companies in Europe are perceived to be the safest compared with their U.S. counterparts in 17 months as risks of a currency breakup diminish while politicians in the world’s biggest economy struggle to cut the nation’s deficit.

The Markit iTraxx Europe Index of credit-default swaps on 125 investment-grade companies from Spain’s Telefonica SA to engine-maker Rolls Royce Plc exceeds the U.S. equivalent by the least since July 2011, with the gap narrowing to 20 basis points yesterday. Their bonds are also gaining, with relative yields dropping below their U.S. peers for the first time since June of last year.

Europe is making a comeback in the debt markets as European Central Bank President Mario Draghi pledges to do whatever’s necessary to protect the euro, with the government bonds of Greece, Portugal, Ireland, Italy and Spain generating the biggest returns since June of 26 sovereign markets tracked by Bloomberg/EFFAS indexes. At the same time, lawmakers in the U.S. are bickering over how to avert more than $600 billion in mandated spending cuts and tax increases.

Read more

As I said: I am not really worried about Europe, I am worried about others who think they are the top of the hill.

A skeptic is a well informed believer and a pessimist a well informed optimist
The most dangerous views of the world are from those who have never seen it. ~ Alexander v. Humboldt
If you want to bulls**t me please do it so that it takes me more than a minute to find out

about me

#2    Bella-Angelique

Bella-Angelique

    Caprica Six Cylon

  • Member
  • 7,174 posts
  • Joined:02 Feb 2006
  • Gender:Female
  • Location:USA

  • There is more to learn

Posted 05 December 2012 - 08:35 PM

You mean the US stock market? Debt quibbling is not the largest threat to the US stock market, Chinese corporate listings are. No one is allowed to see the accounting of US listed companies operating out of China with the lame claim that transparency would reveal strategic Chinese secrets of government and defense.
They could be anything and they likely are.
China is saying they will take their corporations off the exchange before they ever follow the transparency rules.

Posted Image




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users