The Economy

Expensive, but Still Pretty

Aug. 6, 2012

Spanish debt selling at high rate, but Draghi’s euro plans temporarily calm market

Spain sold 3.1 billion euros of debt today. The interest rate was the second highest in over 10 years at 6.65%, which makes it expensive. The pretty part was that the Spain Treasury sold more than their goal, showing that there is a market for their debt. The market was emboldened by the bold declarations of ECB President Mario Draghi (the Dr. Bernanke of Europe). It will be weeks before the details of Pres. Draghi’s plans are known, but his statements have worked to at least temporarily calm the markets as we end the summer. Readers should now focus on how best to prepare for a slower economic environment in the second half of 2013.

About the Author

Alan Beaulieu Blog | President

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and 60 years of correct calls. In his keynotes, Alan delivers clear, comprehensive action plans and tools for capitalizing on business cycle fluctuations and outperforming your competition--whether the economy is moving up, down, or in a recession.

Since 1990, he has been consulting with companies throughout the US, Europe, and Asia on how to forecast, plan, and increase their profits based on business cycle trend analysis. Alan is also the Senior Economic Advisor to NAW, Contributing Editor for INDUSTRYWEEK, and the Chief Economist for HARDI.

Alan is co-author, along with his brother Brian, of the book MAKE YOUR MOVE, and has written numerous articles on economic analysis. He makes up to 150 appearances each year, and his keynotes and seminars have helped thousands of business owners and executives capitalize on emerging trends.

Prior to joining ITR Economics, Alan was a principal in a steel fabrication company and also in a software development company.