Tag Archives: Greece
Sovereign Debt Spreads Widen on Greece/Portugal Worries, Equity/Commodity Markets Roiled, Fed Begins to Backtrack
The equity and commodity markets get rocked as Sovereign debt woes resurface. The burning question: Will the dramatic widening of credit spreads in Sovereign debt, beginning to resemble the CDS collapse of 2008 in the private sector, lead to a revisit of a 2008 type credit crisis and all the fallout associated with it?… Greece, Portugal woes intensify – WSJ […]
Looming Defaults and the Effect on Currencies, US$ vs Euro
The race to the bottom is on! The only question remaining: Who will blink first? I am referring to the race to default. As you will see when reading the stories below, the USA and the EU have major cracks in the foundation. Should Greece and/or Portugal default on debt the Euro would suffer accordingly. However, if and when California […]
