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ElCid16 (94.04)

Tim Harford: The euro will end in tears

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July 11, 2011 – Comments (4) | RELATED TICKERS: CA , SH

Tim Harford of FT gives his prediction that the euro will "end in tears," because the creators of the eurozone added no buffer for failure.

http://www.telegraph.co.uk/finance/8630554/Tim-Harford-The-euro-will-end-in-tears.html

In addition, see Italy and Spain must pray for a miracle.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8628939/Italy-and-Spain-must-pray-for-a-miracle.html

And Doug Kass says its time to sell stocks due to an unfavorable risk/reward, and trickle down economics is "dumb."

http://www.thestreet.com/story/11179922/1/kass-sell-stocks.html

 

4 Comments – Post Your Own

#1) On July 11, 2011 at 12:14 PM, chk999 (99.97) wrote:

Tim Harford is awesome. I think his book The Undercover Economist is required reading.

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#2) On July 11, 2011 at 1:31 PM, ElCid16 (94.04) wrote:

http://globaleconomicanalysis.blogspot.com/2011/07/european-government-bond-spreads-at.html

Regarding bond spreads among the PIIGS: 

"ECB president Jean-Claude Trichet can scream 'no defaults' all he wants but the bond market simply will not go along...These numbers likely have Trichet and EU officials ***ting bricks. What are they going to do, up the size of the bailout fund to infinity?"

 

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#3) On July 11, 2011 at 4:30 PM, Jbay76 (< 20) wrote:

great links, thanks!

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#4) On July 11, 2011 at 10:22 PM, ElCid16 (94.04) wrote:

Yep

 http://www.guardian.co.uk/business/2011/jul/12/greece-set-to-default-massive-debt-burden

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