QOTD: Deutsche Bank on the Sovereign Debt Crisis

“Our argument was that never before in observable economic history have so many countries had so much combined Government and Financial (G+F) Debt. Many, many countries have defaulted through history with much lower debt.”

Izzy pulled that from Deutsche Bank fixed income research’s new report on what they believe is the denouement of the Sovereign Debt Crisis.  Head over for the rest of the narrative.

And Happy Friday, btw.

Source:

Welcome to the Global Sovereign Crisis, says Deutsche (FTAlphaville)

 

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