Is The Whole Equal To The Sum of Its Parts?
March 04, 2015 at 06:00 AM EST
I recently noticed that Ireland and Portugal issued bonds at record low yields. Wait, weren’t Ireland and Portugal the next troubled economies after Greece? Aren’t they the “I” and “P” in PIGS? Don’t Spain and Italy still have plenty of problems also? So now it dawned on me why the Euro is doomed....