CB Pundit said it best: Markets in general are doing their best to send a message to countries with bloated governments: if you don't clean up your act, we are going to punish you. Markets can usually get their way, so I wouldn't be anxious to bet on an end-of-the-world-as-we-know-it scenario.. I don't think we'll see an actual default, but when markets get like this then they can easily draw blood. Italy is going to have to do something meaningful to staunch the bleeding.
Friday, November 11, 2011
Nov 11 2011 - Economic Blog
CB Pundit said it best: Markets in general are doing their best to send a message to countries with bloated governments: if you don't clean up your act, we are going to punish you. Markets can usually get their way, so I wouldn't be anxious to bet on an end-of-the-world-as-we-know-it scenario.. I don't think we'll see an actual default, but when markets get like this then they can easily draw blood. Italy is going to have to do something meaningful to staunch the bleeding.
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Stock Pick of the day:
Write the covered KKR Dec 17 '11 $14 Call....
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