Author: Raoji
This report is for informational purposes only.Not a recommendation to buy or sell
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What was that again?
“When you realize that of the potential $100 billion to spend, 22% of that has to be provided by Italy and their lending to Spain is at 3% but Italy has to borrow at 6%. They have to lend to Spain $22bn at 3% – it is just madness. Everybody is getting worried again. The solution that they seem to have come up with seems to be worse than the problem in the first place.” said David Rosenberg to Bloomberg TV
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Linkfest:June 13, 2012
Some stuff I am reading today morning:
Poor factory output raises clamour for rate cut (BusinessLine)
Inflation seen at 2012 high in May (Moneycontrol)
Swelling bond yields add to EU pressure (WSJ)
How Mankind Pharma changed the game (ET)
The story of India’s falling reserves (Mint)
How Germans botched the Spainish bailout (Bloomberg)
Inflation lessons from Argentina (DailyReckoning)
Pranab Mukherjee’s reaction to the S&P report reminds me of this great line from the movie As good as it gets: “Sell Crazy someplace else we are all stocked up here”