tag:blogger.com,1999:blog-6616959642391988608.post5434169512341948566..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Business investment up stronglyScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-41620640727951319202010-03-24T11:00:41.232-07:002010-03-24T11:00:41.232-07:00Bill: I know that concerns over Greece and the dow...Bill: I know that concerns over Greece and the downgrade of the PIGS has caused quite a bit of turmoil in Europe, but I find it hard to believe that this threatens the global recovery. Despite all the hoopla, credit default swap spreads are still relatively low, and the debt that might be defaulted on is a very small percentage of total sovereign debt. Plus, if the debt problems force a reductionScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10292674991214378172010-03-24T10:48:12.210-07:002010-03-24T10:48:12.210-07:00Andy: see my latest post. Your question came just ...Andy: see my latest post. Your question came just as I was preparing it.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49592735508905949992010-03-24T09:33:34.338-07:002010-03-24T09:33:34.338-07:00Scott - Thanks very much for your comments - they&...Scott - Thanks very much for your comments - they're excellent. Here's a somewhat unrelated question - any idea why 10 year swap spreads are negative 7.5 bps? As far as I can tell, they've never fallen below 35 bps prior to this.Andyhttps://www.blogger.com/profile/03703190098265499879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41445640060371468582010-03-24T09:03:18.987-07:002010-03-24T09:03:18.987-07:00I just wish it was the 1990s again. Every chart yo...I just wish it was the 1990s again. Every chart you post brings back misty-eyed nostalgia to me--and the old smell of profits and jobs.<br />Look at the 1990s on this chart.<br />Man oh man.<br />Then look at the 2000s. <br />Ooooof.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85254131762785319842010-03-24T08:29:11.194-07:002010-03-24T08:29:11.194-07:00The durable goods and capital goods orders are goo...The durable goods and capital goods orders are good news. Thank you for your update. <br /><br />Housing still seems to be suffering. Hopefully this too will pick up in the next few months. The banks need this sector to improve. I still think the fed stays on hold with rates until housing and umployment show clear signs of recovery. Not there yet IMO. A stronger dollar helps the fed stay loose. Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-46098991883510190252010-03-24T08:10:06.287-07:002010-03-24T08:10:06.287-07:00Scott,
I know you've posted before on Europea...Scott,<br /><br />I know you've posted before on European debt problems, but do you think the Fitch downgrade and problems getting support from the EU on Greece is a serious concern to overall global recovery or do you think it's overblown?Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.com