Tom Salemy, CFA, CAIA
In light of the seemingly non-stop news about the debt of Greece and its fellow PIIGS1 countries, the following article summarizes the latest efforts to rectify the sovereign debt issues which have roiled markets across the world. In particular, new programs and commitments from assorted European institutions are summarized, along with the market ramifications – opportunities and risks – of the ongoing debt challenges in Europe.
The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.
Late last year we authored an article detailing the growing differences between the high yield and leveraged…
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