FTSE 100
Dow Jones
Nasdaq
CAC40
Dax

Friday, 15 April 2011

The Irish problem

One level above junk bond status, outlook negative.

If it goes any lower then no matter what their preference might be, most institutional investors will be prohibited by their governing documents from buying or holding Irish state bonds.

Now tell me why anybody thinks a £170 billion annual deficit is sustainable.

No comments: