Italy needs to get off the radar ASAP. That probably means getting rid of a leader who is currently a disorganized, undisciplined clown. Make sense? Is that where I should be focusing - probably not a bad choice for as noted - even with the ECB continuing to purchase Italian sovereign debt - the rates currently are not moving lower as they did previously - when it looked like Italy might get serious about it's financial situation.
From todays Accuti Plus report:
There are some other reasons that Italy’s rates are not currently declining – one that is worth noting is investors may prefer to wait for the “new bonds” that come with an EFSF guarantee. That makes some sense I suppose. But the number of problems and the magnitude of them has not diminished sufficiently yet. Including what exactly does this guarantee accomplish and would it in reality be enough to secure the full principal value of the sovereign debt. Last I checked 20% was no where near 100 %
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Thanks.
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