The prospect now for any reform of Italy's public debt must be close to zero. I wouldn't want to hold Italian bonds until they get to a spread that acknowledges those risks, and they certainly don't at the moment.
More Quotes from Marc Ostwald:
We could get an IFO number above expectations, because data across the region is looking stronger. The market will be pretty pessimistic in that case, especially given the hawkish rhetoric we've had from the ECB.Marc Ostwald
Any surprises in the January CPI data from Bavaria and Brandenburg will clearly influence short-term rate expectations, with anything higher than expected likely to boost the euro.
Marc Ostwald
We'll get more buyers with yields around these levels. People won't want to call the end to the Fed rate cycle too quickly though, so I doubt we'll get a big rally.
Marc Ostwald
The result seemed to reflect a flight to quality in the light of what is happening in the stock market rather than a value judgement.
Marc Ostwald
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Bad reasoning as well as good reasoning is possible; and this fact is the foundation of the practical side of logic.
Charles Sanders Peirce
I always wanted to know what lens they were on, how close they were. I didn't do it with a plan in mind, but I would instinctively gear what I was doing toward what lenses they were using.
Donna Mills
As a consequence, geneticists described evolution simply as a change in gene frequencies in populations, totally ignoring the fact that evolution consists of the two simultaneous but quite separate phenomena of adaptation and diversification.
Ernst Mayr