Monday 30 April 2012

What do vultures do on a slow day?

Reuters seems rather blase' about the life of companies that
pick on entire, functioning national economies.
The vultures have come home to roost, in Europe.



IshitUnot: Reuters-
Hedge funds line up bets on Spain's debt woes


By Laurence Fletcher

LONDON
Fri Apr 27, 2012 6:04am EDT

(Reuters) - Hedge funds have spotted money-making opportunities in Spain, betting that market fears over the southern European country's deepening debt crisis have made some assets too cheap relative to other securities.

Managers have been exploiting what they see as the mispricing of credit default swaps, government and corporate bonds and stocks, after months of growing market concern that Spain might need an international bailout, using relative value trades - betting on one security versus another....