Not exact matches
After all, the
European debt situation, the U.S. gridlock, and the
worries about a double - dip recession haven't disappeared from reality the way they have disappeared from the news and many investors» minds in the last four weeks.
A key risk measure in money markets known as the Libor - OIS spread has risen to levels not seen since
worries mounted in 2011 and 2012 over the
debt troubles of
European countries Portugal, Italy, Greece and Spain.
Now traders head into the week with fresh
worries about the chances that Greece will default on its
debt and the havoc that would wreak on
European banks.
If it were 45 % higher, that would bring it to nearly 30, or 20 percent higher than where it was at the peak of last year's high - yield
debt concerns and not much lower than where it was during much of the
worries about
European debt in 2012.
These doubts have been fueled by a high (but declining) unemployment rate,
worries about a possible «double - dip» recession, and of course, the
European debt crisis and U.S. fiscal cliff.
DiNapoli says there continues to be
worries, though, including the unknown impact of the ongoing
European debt crisis.
Economists and
European leaders are
worried that
debt problems in Spain could have major implications for the entire global financial system.
Last week we saw mortgage rates improve as fears of
European debt contagion,
worries over the U.S. job market, and a slowing Chinese economy outweighed marginally firmer U.S. economic data.
While Greece's financial problems are real, and the
worry that its
debt problems could damage the entire
European economy is significant, there are still investment opportunities beyond Canada's borders.
The company has taken steps to manage risk with regards to their
European debt exposure, but there's still $ 5.6 billion in risky
debt to
worry about.
Right now the markets are very
worried about the hidden exposure of
European banks to Greek government
debt.