The usual suspects don’t appear to be healing in Europe. CDS spreads continue to widen throughout much of Europe despite the Herculean measures taken on by the ECB. As we mentioned last week, things appear to be getting worse in many countries across the region….Will the markets continue to sit by idly as it appears increasingly obvious that the austerity measures are not the quick fix everyone assumed them to be? Or is this just a shot across the bow?
Source: CMA
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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