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"This is a classic example of a doom loop ... they just aren't making any progress" says...

  • Tuesday, January 15, 8:16 AM ET
    "This is a classic example of a doom loop ... they just aren't making any progress" says SocGen's James Nixon, his firm expecting Spain's deficit/GDP ratio exceeded 9% in 2012 (the target was 6%). For the moment, Mario Draghi is the prevailing force, as Spanish bond yields continue to fall. "The market is ignoring unresolved macro issues," says RBS' Albert Gallo. "Spain is not sustainable."
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This news story has 4 comments:

  •  
    Yep......its all survival now...and that includes lying if that might help your position....and what is crazy...who is buying their bonds...just crazy...but its probably a closed end loop like the US....and that to me is the end of the market....just waiting for the collapse now
    15 Jan, 08:21 AM Reply Like
  •  
    any idea of when?
    collpase will happen but strangely enough if it is after 2050 i am tempted to pass......
    15 Jan, 08:26 AM Reply Like
  •  
    I don´t know ...when unemployment hits 30%...40%...50%.....or will it be another trigger...maybe Germany will bail first
    15 Jan, 08:34 AM Reply Like
  •  
    Frankly, its just another case of "the analysts getting it wrong". Before you predict Spain's future, you really need to get on a plane and visit the place. Do you have anything but pure numbers to look at? Remember, numbers are records of the past, not predictors of the future. Visit Spain and then you will write an informed report.
    15 Jan, 02:37 PM Reply Like
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