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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (71603)11/24/2007 9:46:10 AM
From: elmatador  Respond to of 116555
 
Europe risks crash. Broad sovereign debt sell-off. Investors are shunning European government debt issued by countries other than Germany as worries about a global economic slowdown prompt a flight to safety within Europe.

“There is a strong sell-off in sovereign debt relative to [German] bunds, ranging from top-rated Spain to eastern Europe,” said Ciaran O’Hagan, strategist at SG CIB.