A Different Way to Say the Same Thing About Spain

By: Ian Campbell | Thu, Sep 27, 2012
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If you read this Newsletter you know I believe the next few weeks will prove to be very difficult for Spain as:

For a somewhat different slant on where Spain stands, but nonetheless a view that I think inevitably takes one to the same place, you might want to read an article published Tuesday titled Courting disaster in Spain. The article is written by Marshall Auerback, currently a portfolio strategist with Madison Street Partners, Denver, Colorado.

You might also want to read:

Debt crisis: Spanish GDP falling at significant pace published yesterday, where it is suggested Spain's output continued to fall significantly in the 3rd quarter just ending. While that is not a great surprise given the likely downward spiraling effect of a deteriorating economy, it has to add worry to an already worrisome situation; and,

Anti-austerity protest erupt in Greece and Spain published yesterday that discusses escalation in both Spain and Greece over anti-austerity measures. As I see things, such demonstrations are only likely to get worse as things become ever more economically difficult for the people of both those countries. An important question has to be: Is this a process that is going to be repeated in other developed countries as we go forward?

Topical Reference: Courting disaster in Spain, from Credit Writedowns, Marshall Auerback, September 25, 2012 - reading time 4 minutes. Also see:

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
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Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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