Worries about Spain’s finances are intensifying as the country’s bond yields on international markets rose despite expectations of a new round of austerity measures.
The yield on 10-year Spanish bonds in the secondary market rose to 5.81% from 5.74% when the Easter break began late last week. The difference between Spain’s yield and that of the benchmark German bund was 4.11 percentage points, the highest since the new government took power in December.
The increase in the yields was due to wariness over Spain’s ability to cut debt as well as a drop of confidence in wider global financial markets following weak US economic data.BASED ON WHAT I'M HEARING ABOUT IN THE PRE-PRODUCTION PLANNING & DESIGNING IN SEVERAL OF USA'S DOMESTIC CONSUMER MANUFACTURING MARKETS, ANOTHER CRASH MAY VERY WELL BE COMING.
MOST RETAILERS ARE NOT DOING WELL, AND COMPANIES UP'N DOWN THE SUPPLY STREAM ARE STILL CUTTING BUDGETS AND FIRING PEOPLE.
ONLY THE SURETY OF THE INEVITABILITY OF THE ELECTION OF ROMNEY AND A SIGNIFICANT DROP IN THE PRICE OF ENERGY - ESPECIALLY GASOLINE - CAN PREVENT THIS.
(IRONICALLY, AS MITT INEVITABLY CLIMBS IN THE POLLS VERSUS OBAMA AND CONFIDENCE IN THE ECONOMIC FUTURE OF USA GROWS, THE ECONOMY WILL IMPROVE AND HELP OBAMA!)
THE SOONER SANTORUM DROPS OUT - AND THE NATION CAN FOCUS ON OBAMA VERSUS ROMNEY, THE SOONER THE ECONOMY IMPROVES.