Take a moment to think about it: can the German yield curve tells us how exactly the crisis is going to move in the Euro Area in the next years ?
(original publishing date 08/29/14)
Apparently, the market thinks Euro Area will still be in crisis in 2017.
Take a look at the German yield curve:
German 3Y bonds have now negative yields.
A quick glance at what happened in 2014 to 10Y Bund will tell you more about how bad this “recovery” is:
You do realize that this means we will have a 9-years crisis, don’t you ?