About Portugal’s Successful Debt Auction – So What?

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Heading into Portugal’s big bond auction last Wednesday, I wrote that things were looking ominous for the PIIGS, as the Euro had broken down, and yields were breaking out. (And I was honored to have Minyanville feature the piece, too!) Portugal’s bond auction went off smoothly, which set off the CNBC cheerleaders.  But did anything […]

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Dave Rosenberg touched on the subject of Europe today in his daily missive: Ireland, Greece and Portugal are basically insolvent and we will probably find out in due course that while these countries are too big to fail, and Spain is too big to rescue – this saga is far from over. I thought this would be […]

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