"Marv Gandall" <[email protected]> wrote: > It's either irrational exuberance that the worst is over for Greece and the > other peripheral countries. or, more likely, a recognition by bond traders > that the eurozone deflationary crisis is deepening and yields have further to > plunge, supported by stepped-up ECB bond-buying to counter the deflationary > threat)
Greece was able sell its 5 year bonds for 4.75%. Although that isn't bad in historical terms, the rate is much larger than the more financially stable countries pay. Money capitalists don't have a way of getting a good return on equity, so eventually interest rates will rise as inflation continues. The individual saver is going to be at the mercy of rich with interest rates after inflation continuing around 0%. -- Ron
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