Friday, January 14, 2011

Reading list

Some stuff I've been reading / watching

David Einhorn video  
European debt dynamics.  Borrowing at 5% and growing at 3% just digs a deeper hole.
Address says it all.
Has Portugal already asked for IMF help and no-one noticed?  Would be ironic if this episode of Euroland bailout occurs quietly.   Long term the trend is NOT Portugal's friend:
(Look at the 5 year history)

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