A few pennies more and I'll be in the black too...
I wouldn't expect that anybody can come up with an overarching framework for global recovery, but this is getting silly. Inflationary this, deflationary that ... and now China has jumped in to the prediction game by launching its very own credit rating agency (which entertainingly fails to consider "government stability" and "rule of law" and so on as factors in credit rating).
Everybody's just thrashing around, aren't they? My favourite recent example, after Greek 6 month bonds were oversubscribed, is
This made the over-subscription for Greek debt a "good result", said Costas Boukas, head of asset management at Beta Securities.
"It is a vote of confidence for the measures taken by the government. Greece has an open window to exit crisis."
(quoted by the geniuses at BBC News Online).
Somebody called Costas Boukas would, of course, have an entirely neutral opinion. As would anybody from Beta Securities SA, a member of the Athens Exchange (and one would have to question why they didn't call themselves Alpha Securities).
Still and all, six months at 4.66% (below the IMF rate!) does suggest that there's a market in eurozone gullibility in the short term. I suppose it comes down to the Barry Richards philosophy for batting a century -- take it ten runs at a time.
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Date: 2010-07-13 03:50 pm (UTC)I wouldn't expect that anybody can come up with an overarching framework for global recovery, but this is getting silly. Inflationary this, deflationary that ... and now China has jumped in to the prediction game by launching its very own credit rating agency (which entertainingly fails to consider "government stability" and "rule of law" and so on as factors in credit rating).
Everybody's just thrashing around, aren't they? My favourite recent example, after Greek 6 month bonds were oversubscribed, is
This made the over-subscription for Greek debt a "good result", said Costas Boukas, head of asset management at Beta Securities.
"It is a vote of confidence for the measures taken by the government. Greece has an open window to exit crisis."
(quoted by the geniuses at BBC News Online).
Somebody called Costas Boukas would, of course, have an entirely neutral opinion. As would anybody from Beta Securities SA, a member of the Athens Exchange (and one would have to question why they didn't call themselves Alpha Securities).
Still and all, six months at 4.66% (below the IMF rate!) does suggest that there's a market in eurozone gullibility in the short term. I suppose it comes down to the Barry Richards philosophy for batting a century -- take it ten runs at a time.