Thursday, December 15, 2011

Running out of words?

The Euro crisis is stretching for such a long period of time that it is difficult to know what is news and what is not. Yields go up and then they go down. The ECB is buying bonds or maybe they are not.

Today there was yet another auction of Spanish government bonds and CNBC must have run out of words to describe what happened. See below the description of the news as it appeared on their web site (should we interpret the fact that there was no second paragraph planned as good news?)

Antonio Fatás