Daily Archives: January 29, 2011

Raising money against the clock = price drops

"When the perception of reality seems to be worse than reality itself, the best possible reaction is to explain it in the greatest detail", Bank of Spain Governor, Miguel Angel Fernandez, 13th December 2010. The Spanish market is going through a situation in which we presume that bigger price drops will be experienced in the next nine months. Prices will fall furthermore but with moderati