Economics does not fit on a left-to-right political scale, says George Cooper, author of ‘Money, Blood and Revolution’. He tells John Authers that economics is a science in crisis, but at least there is agreement on one thing: markets are fundamentally unstable.
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The Greek 10-year sovereign closed at 5.89 percent, the lowest since the crisis began.
Greece plans to sell its first long-term bond since its bailout in 2010. Lex’s Robert Armstrong and Joseph Cotterill discuss whether it is worth paying up — for the sovereign, and for investors.
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If only we were this disciplined.
“We don’t trade and invest based on forecasts and instincts. We wait for proper risk/reward setups to show up.” – Ivan Hoff
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Global Macro Monitor 