OldLimey

Will Europe Come to the East's Rescue?

The IMF is going to be roped into this. Germany might pick up a large part of the tab (particularly vis a vis Austria), but a combination of domestic voter reluctance to bail-out profligacy in other countries and the global systemic importance of the issue mean that Germany will not be carrying this one alone.

Global Stock Markets: Valuations Improving

The shallowest post I´ve read from a contributor who usually does very much better. BTW, can´t see the interest in trailing PEs and historic dividend yields in an environment where both earnings and dividends are seriously open to doubt going forward.