Από τον Πόρτα – Πόρτα
What’s frightening about the developments in Europe in recent weeks is that the CDS market is once again sending the same signals. Someone is going to get left holding the grenade again. And this time, the market is actually telling us that it’s even worse than it was in 2008. The only difference is that the problems appear to be across the pond.
The following chart from Danske Bank shows the 5 year CDS rates for 6 of the largest banks in Europe – SocGen, Unicredit, Barclays, Credit Agricole, Banco Santander and BNP. If this market is giving us a cue its message is more than clear
– someone’s paying an awful lot to avoid the inevitable explosion and they’re even more eager to avoid this explosion than they were in 2008.
Is the market underestimating the risk of further credit contagion? That would appear to be the message from the CDS market.
ΠΟΙΟς ΦΟΒΑΤΑΙ ΤΗ ΦΟΥΣΚΑ ΚΑΙ ΑΓΟΡΑΖΕΙ “ΠΡΟΣΤΑΣΙΑ” ΣΤΙΣ 6 ΜΕΓΑΛΥΤΕΡΕΣ ΤΡΑΠΕΖΕΣ ΤΗΣ ΕΥΡΩΠΗΣ ??
ΜΕ ΤΑ CDS’s οπως φαινεται στον πινακα, να εχουν ξεπερασει το...
οριο αυτων της κρισης του 2008 !!!! ΣΗΜΕΡΑ ειναι υψηλοτερα ! και ειναι ΤΡΑΠΕΖΙΚΑ και οχι Κρατικα/Εθνικα !