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To: patron_anejo_por_favor who wrote (258226)7/2/2010 5:40:56 PM
From: PerspectiveRespond to of 306849
 
Was looking for posts from Hussman's site on the "great divergence" - referring to the convergence and now divergence of European interest rates.

hussmanfunds.com

Sounds like the PIIGS are really in deep $hit since they have to roll over the majority of their debt within three years, and their rates now exceed the rates on the debt that they must refinance. U.S. ZIRP ain't going to save them.

`BC



To: patron_anejo_por_favor who wrote (258226)7/2/2010 5:43:23 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
Any chance Portugal telecom skates through the PIIGS crisis unscathed given that they carry nearly $7B in debt? They got whacked initially, and then bounced right back.

finance.yahoo.com

`BC