The S&P decision, however, may not even be the biggest source of anxiety. Talks between Greece and its private-sector creditors on the losses these should bear broke down on Friday afternoon. This failure raises the spectre of a messy Greek default. In such circumstances, investors might take a hint from the revised S&P ratings. If things go horribly wrong, Germany is now the only big euro-area bond market in which investors’ money might be considered truly safe.SOONER OR LATER - AND BY THAT I MEAN SOONER - THE EURO IS KAPUT. FOLKS WITH EURO'S SHOULD BE BUYING DOLLARS AND GERMAN BONDS.
DEDICATED TO EXPOSING DISINFORMATION AND PROPAGANDA AND TO PROMOTING UNIVERSAL HUMAN RIGHTS - WITH SHARP ANALYSIS AND BLUNT COMMENTARY. NO ADS. NO TIP-JAR. JUST THE TRUTH.
Saturday, January 14, 2012
The 9 European downgrades obscure the BIG story: Greek talks collapse
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1 comment:
Yes you're right on this one.It's "Run for the hills" from now on.
A new World War might solve things?
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