Note: Before I begin today's summary, I should note that my schedule will be very spotty over the next three weeks as I am on a working vacation. That means I will not be at work but I will be posting to the blog from time to time. I also have a few weekly themes I want to get out.
Two topics today: Spain and global economic growth.
On Spain, yields for Spanish bonds are well over 7% now. Spanish 10-year government bonds are now just off a record high of 7.284% from earlier today after opening at 7.040%. It's clear now that Spain is in a Greek death spiral that means it will need to formally ask for a bailout, which will mean EFSF monetisation. FT Alphaville noted this morning that there has been confusion about the German Bundestag’s copy of documents for the Spanish bank bailout. T...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.