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what is the investment opportunity in cyprus
you know it's tricky in a way i think there is an opportunity i'm on the stand
among southern bombs were primarily in fixed income um...
and that they have a juror than june the church coming up it's been trading
anywhere between eighty five ninety five cents in the dollar last couple weeks
its trading like a stock and it's a short maturity bonds if you think that
this financial
that problem within the country of the financial system problem in the country
remains isolated there and not does overflow to the sovereign
you can actually picked up ten points in the next couple months before maturity
member service pritchard reading last night the telegraph let's look at that
uh... op ed up from eighties just back from asia what saved iceland for mass
unemployment
after its bank book was a currency devaluation depart industries back from
the dead cypress doesn't have that eventually
no they don't family degrees depend on
you know we always hear this whenever crisis corrupts that poachers exit the
currency get into valuation you get about
you know iceland actually having to come back to table to talk about this on
restructuring side i've read a lot of articles about doing parallels between
iceland cypress itinerary of talk rubin that they should just walk out into the
serb republic celeste paul krugman side job
fallback recommendation everytime
i could take a look and compare greece argentina and evidencing greasy just
exit the euro because argentina's avery bout it's a short term rebound of
long-term consequences wife actress doesn't have a a separate how to deal
with right now they have the right of course people are outside the banks
trying to get ahold
um... that currently trying to take it out of the bank you talked about
opportunities what about opportunities in italy or spain
i would be a little cautious and i think that
if you take a look at the yield in 'em greek ponder cypress pon you're talking
about anywhere from twelve to sort of
ten points over a couple months you know we're getting closer fifty sixty seven
percent yields
you see what twenty five percent twenty-five book basis point backup
enabling on the back of
potential election zicam form a coalition government there's respecting
in fact your are your taking a look attic countries that could be
the brink of of having a crisis
and you take either one of those countries that you may lose more than
you could detect co-author
the issue here within the heinz humes financial world is the real economy
the fact is slovenia has a real economy spain has a real economy and they're not
happening right now his perm recession well-equipped radiates long-term
recession because you have a lot of damage in the financial sector
times is in distressed debt
new york in euro
i had dinner in paris
with the fund manager
who managers euro denominated sovereign bonds
for pension funds he needs high-grade he can't get in the day
distress area
where is he going to go within this event email
germany of course
finland so small place
how many choices does that fun man in the netherlands is now question when it
comes to
economic growth there isn't anything and promised to reaffirm your research
though you're suggesting flight to quality sustains
and we see lower german yields do we see lower u_s_ yields as well as the the
u_s_ ten-year-old follow the german can you down
there's another issue and i really
gotta dig into it in the series of meetings right there's a lot of money
trapped in new york
because of the repatriation tax
on the united states user u_s_ companies that cannot bring in repatriate money
without a high tax penalty i want you back to the banking system now because
that's what kind of sparked this whole thing psychosis banking system it many
times the size of its economy
are other countries with acting model now in jeopardy as well promised by you
saw the markets yesterday running at every
you know they were going out of slovenia they're going out to malta
i mean the big one in play here that everybody was taking a look at that sort
of precipitate was going on yesterday was this idea that the money
who's coming out of sight prison via
the u_k_
and that until i think maybe the they're going to go after every tax havens
economy what i got concerned about yesterday given the tensions between the
u_k_ and the rest the unity of right as they may start targeting the biggest tax
haven of the mall which is london
dietician truth
that's a break so severe house it was the tax eva notice
might work for a question of the day where is the safest place to put new
york money that that'd be surveillance at b surveillance i'd like to have idea
where is the safest place to put your money david kotak you would say
philadelphia philly back seats well i don't know that philly block seven
sarasota florida isn't preferred location these days
brandeis or dealt futures moratorium share of the twenty first two i wanted
to do it but i think all that kind of thing