Tag Archives: Portugal

Throwing the Bond Market Out With the Bath Water

By Martin Fluck | Published: July 10, 2011
The war the EU has declared on the ratings agencies shows why investors should not underestimate its determination to scapegoat “Anglo-Saxon” speculators for the sovereign debt crisis, and reduce “excessive profits” in the financial sector. Even if it means cutting off the EU's nose to spite its face.
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Europe’s Sovereign Debt Crisis Hasn’t Gone Away

By Martin Fluck | Published: October 9, 2010
It’s surprising that the banking crises facing Ireland and Portugal, and the wider European banking sector - have not been more contagious. While the risk of Ireland and Portugal defaulting soars, other Europe sovereign bond yields remained fairly flat in the third quarter, and Greece even enjoyed a rally of 140bp to 775bp. This calm is not likely to last long though, before more questions are asked of the banks which own the dodgiest euro-zone debt.
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Unduly Rosy Indicators Disguise Real Slowdown Headed Germany’s way

By Martin Fluck | Published: August 24, 2010
Investors, and Germany’s central bank, need to be wary about jumping to the conclusion that the strong growth in the second quarter will continue.  The fiscal austerity being implemented in Greece and the other Club Med countries is not yet reflected in the expectations that leading indicators measure, and contrary to media reports, exports to [...]
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