Tuesday, September 06, 2011

Greek 10 year Bonds Yield 19.3%

No country can pay such usury interest rates, it most surely leads to default. On the other hand, if Germany backs Greece, then it may be a fantastic "distress" kind of investment.

7 comments:

Anonymous said...

I don't think this is the coupon; I think this is the effective yield once the bond price falls below face value.

Or am I mistaken??

Anon.

J said...

You are right.

Anonymous said...

Dear J,

I am an Israeli-American living in Jerusalem who is nurturing an idea for an initiative that I think would be quite relevant to your interests--Zionism, global wealth, IQ, etc. If you could, please e-mail me at greggreene28 [at] yahoo. I'm interested in your feedback and possible collaboration.

Anonymous said...

OT

Qadahfi has fled to Niger the way DeGaule fled France in 1940. Moamar will lead the resistance from Africa where he will be welcomed as a fellow strongman.

Anonymous said...

German banks may be provoked into causing another Greek famine.

Anonymous said...

I still think Gaddafi will end up in South Africa, or perhaps Zim.

Anon.

J said...

May be he is serious about fighting to the end.