“Fears that Spain will need a bailout have punished the country’s debt to the point that Anthony Scaramucci, managing partner of SkyBridge Capital, says the time to invest may be now, while everyone else flees.
The yield on the Spanish 10-year note has repeatedly spiked above 7 percent in recent weeks, a threshold largely deemed by markets as unsustainable and suggests the country needs a bailout.
Stomach the risk and put some money in Spain, as returns on U.S. debt are so poor they do not even keep pace with inflation, Scaramucci said.”
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