Spain panics after disastrous bond auction
The prime minister warns of 'extreme difficulty' after the country fails to find enough bond buyers.
At the time of this writing, Jim Jubak didn't own shares of any companies mentioned in this post in personal portfolios. The mutual fund he manages, Jubak Global Equity Fund (JUBAX), may or may not own positions in any stock mentioned. For a full list of the stocks in the fund as of the end of the most recent quarter, see the fund's portfolio here.
"the European Central Bank would bring foreign investors back into the market for eurozone government paper"
Well well. Optimism is one thing, blindness is another. As I have suspected in the past, foreign investors, fed up with that entire side of the globe, are putting their money into Proctor & Gamble, Altria, Ford, John Deere, Exxon, Johnson & Johnson, Disney, McDonalds.
European Central Bank members should work for $1.00 a year salary until Europe is fixed.
You don't become wealthy by borrowing money. You don't borrow money by not spending more than you take in. It really doesn't have to more complicate than that. If I can't afford to pay for it I don't buy it. If a country doesn't have the revenue it doesn't provide it. Someone has to pay for these services and if you borrow to pay for them it cost you more and you push the problem to the next generation to solve plus their own. Not to respectable.
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