Monthly Archives: April 2014

Quo Vadis Europa

RICK How can you close me up? On what grounds? RENAULT I am shocked, shocked to find that gambling is going on in here! This display of nerve leaves Rick at a loss. The croupier comes out of the gambling … Continue reading

Posted in Reports from the Field | Leave a comment

With financial stability, political morbity and investor cupidity return in full force

Good morning, On Friday, Bloomberg reported that the yield of 5 year Spanish Government Bonds was lower than that of 5 year US Treasury Notes. This was widely re-reported in the Spanish media. ELPAIS writes accurately that this is a … Continue reading

Posted in Reports from the Field | Leave a comment