Longer than any of us think.
Hmmm... you would hope so... but I rather think that is still sooner than some think...to some degree the wheels are already in motion... just waiting for the chips to fall...
Can only kick that can down the road for so long...
Portugal
Italy
Greece
Spain
(and others in the Eurozone)
Are all in the shit.
So are Bulgaria
So are Argentina
and they are just the ones on the brink of the next wave of shit..
There are other even bigger problems brewing away underneath in several other places... (not to mention the US (and others) still seem to be on a debt suicide mission, with zero sign of changing course)
This cannot help long term confidence in the bond market.. there is already pressue on the bond markets in more ways than one.. one new big problem could lead to contagion and bingo it is systemic before you can say Bear Stearns.
Coupled with the QE scenarios , either QE to infinity nor tapering look that attractive
There is only so long that the can , can be kicked down the road... they are barely in control now... what happens
if when fate throws a curve ball into the mix?
Poll
