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  • Spain's Pain Not Reflected In Markets [View article]
    Thanks
    Dec 24, 2012. 09:53 AM | Likes Like |Link to Comment
  • Spain's Pain Not Reflected In Markets [View article]
    It's not so much smoke and mirrors as it is the ECB who props up the IBEX. 365-billion Euros can go a long way in making a market look "rich". The fact is, the printing and pumping game can't continue indefinitely and some fierce reckoning will come sooner than later. Perhaps that reckoning will begin this morning.

    You acknowledge Spain's bankruptcy, but then single out items which contributed to that bankruptcy as "something to show". I wouldn't find that very comforting if I were an unemployed Spaniard.

    The claim of Spain's ocean resources dwarfing those of the U.S. is specious (a 1,070,730 ton fish harvest dwarfs one of 5,360,579? How about oil and gas resources in the oceans?)

    Here's a link to an interesting video on Spain : http://bit.ly/UUVqPy

    By the way, I have been a regular visitor to Spain since 1972, and I do love the climate.
    Dec 21, 2012. 01:07 AM | 3 Likes Like |Link to Comment
  • Spain's Pain Not Reflected In Markets [View article]
    Yes, indeed. But then again, the entire world seems overly optimistic, according to these fellows:
    http://seekingalpha.co...
    Dec 20, 2012. 08:01 PM | 1 Like Like |Link to Comment
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