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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%4:00 PM EST
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To: Haim R. Branisteanu who wrote (56270)10/11/2009 2:13:36 PM
From: KyrosL  Read Replies (1) of 217549
 
Greece may have its Iceland moment sometime next year. When the final numbers are announced next year, the 2009 deficit will be more than 10% of GDP. The new socialist government will probably make things worse.

Incredibly, Greek government debt spreads have been shrinking and are now near multi-year lows.
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