Monday, August 15, 2011

Global animal financial farm

So the moral of the story regarding certain ongoing events is that if you mess with the US you get ...., but if you mess with Greece, Portugal, Ireland ......

And the best version why that is so is that investors know the US economy well enough to defy ratings while downgrading GRE, POR, IRL sent them spiraling down on the basis (momentum) of that initial downgrade and on the basis of the (by comparison) very imperfect (and sometimes anecdotal) "knowledge" of these economies by the global financial community.

Oh what an "animal farm" global finance is!

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BRs
Nick

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