Disliked{quote} Feckin A, you're right. I don't know why I listen to CNBC. But still, Spain is in the same boat. Their debt-to-GDP did increase, and their 10Y went from over 7 to just under 3. Last I heard, their 5Y note is lower than the US. Leading into a bubble IMO. Draghi got his wish, lower debt costs. That was his main goal from the get go.Ignored
I studied plenty of economics, and I still don't know what those mean when it comes to correlation with the markets. Plenty of times it 'leads' traders in the right direction, but what happens when it doesn't. All I know when it comes to interest rates on bonds is that the interest is what is being paid on that contract. nothing more or less.
If things turn for the worse, I will jump right on the band wagon, and take off my 'bull' insignia ... and take my losses also ... but until then, I think Europe is going to be fine. Aside from all the rhetoric, I think 'most' of the leaders are honest when they say they want a better future for europe, but of course they are going to make their money on the side ... who wouldn't.
And what bubble? I keep hearing (not just from you) the word bubble turning up everything. A bubble, by definition, pops when internal static pressure is greater than the durability of the surface that holds it. What is holding this bubble and how much pressure is on it?