Alert - not all is good in Germany...
- 23 November 2011 12:54138559Yes, there are early signs that things are becoming problematical in Germany.
Fund managers have issued a warning about German Bonds (bunds) saying they are no longer a safe haven. 'Spreads' have widened to a record Euro era high on bunds. It is thought that the ECB will need to urgently buy up debt and a crisis of confidence could emerge.
Thing are getting worse in the Eurozone while things seemingly have gone quiet. These warning signs from the markets must be listened to. With cracks emerging in Germany now matters could reach a breaking point.
Make no mistake this is important to our economy and our recovery and sticking plaster cannot keep being applied to the problems of European sovereign debt and excessive government spending. - 23 November 2011 12:56138561i read yesterday that the contagion had spread to hungary and that they had taken their begging bowl to the i.m.f.
- 23 November 2011 13:00138562Yes, a year after they told the IMF to Foxtrot Oscar.I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
- Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
23 November 2011 17:34138617oh dear just as they where starting to pay off nicly,looks as though i might have to put my 50 million quids worth of german bunds into somthing more dodgy like the uk goverment bonds,less pay back to.looks i might have to take pay cut and drinking champers and cavier.
- 23 November 2011 17:50138624Brian try a Piggy bank or Iceland.....stamps.By the way KCC are getting all their Iceland money back plus Intrest so they wont cut anything now.Of course they will it is only £50 MillionIf you knew what I know,we would both be in trouble!