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A look at the gaping divergence between Spain (EWP) and other major continental markets (with...

A look at the gaping divergence between Spain (EWP) and other major continental markets (with the S&P thrown in) this year - Germany (EWG), France (EWQ), and Italy (EWI). It reminds of the performance gap between the continent and a diving Greece this time last year, which meant little until all of a sudden it meant a lot.
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Comments (6)
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    This is going to get ugly for Spain.
    3 Apr 2012, 12:13 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (546) | Send Message
     
    I think it's already ugly for Spain. The question is does it get ugly for the rest of the world? If Greece was able to shudder markets the way it did, what might Spain do?
    3 Apr 2012, 12:15 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Now you know why the European's have switched from the word 'ringfence' to 'firewall'.

     

    Nobody believes that Spain will be able to follow through on their program with 20+% unemployment.

     

    Here is a market current for you. Hungary's bond yields have broken higher due to the problems between the EU and the Hungarian government unrelated to the copying of a term paper.

     

    Hungary is the real black swan.
    3 Apr 2012, 12:25 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4161) | Send Message
     
    Stability Of The European?
    blog now in its 13th edition in the halls of SA: http://bit.ly/HRrLjE

     

    Would be happy for those here to join the conversation... we're just sitting around watching and waiting...
    3 Apr 2012, 01:00 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Same here Jon.

     

    The longer we put this off the worse it will be.
    3 Apr 2012, 01:09 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4161) | Send Message
     
    Couldn't agree more.

     

    Did you see Mark Carney from the Bank of Canada's "Growth In The Age of Deleveraging"?
    http://bit.ly/vYqA02
    3 Apr 2012, 02:08 PM Reply Like
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