This is Your Country. This is Your Country on Austerity.

[Boris Johnson]

Bitches don't know shit about British Socio-economics, word.

[Boris Johnson]

As my final post in this retarded thread.

ALL HAIL VINCE CABLE.


SAGE OF WOKING

SAVIOR OF OUR ECONOMIES.

IN HIS NAME

WE PRAY.

[Kane]

[Kane]

That's a representation of the cause, AD being low. The bond market shows a couple things:

Lack of confidence in equity market performance - searching for yield. Apparently bonds, at a negative real yield, are better at maintaining wealth than playing with equities. Or at least it was. I think that's changing now....finally.

More confidence in national governments than market performance. Again, you saw waaay too much correlation within equities as it relates to geopolitical events and government policy.

I don't get how any of this suggests government debt is the cause. It clearly isn't.

[Kane]

Those ten year yields are old. Look at the spread between the German 10 year and the Greek 10 year. It's been in freefall. Greek is 10.7 and German is 1.61. German ten year is increasing and the Greek ten year has been steadily declining since the ECB acted. You see the same story with Spain and Italy.

[Kane]

[The Dude]

[Kane]