OK, here is my conclusion: The global economy will collapse soon, because of insanity in the world capital markets and a global lack of understanding of the value of anything on the globe.
Here is my basis for this: The value of borrowing for Egypt...yes, Egypt, you know - the country that is overturning its government and having riots in the streets...the same Egypt with food problems...yeah, them - they have lower borrowing costs than Portugal, Ireland, Greece etc.
http://af.reuters.com/article/investingNews/idAFJOE71A0BZ20110211
http://www.cnbc.com/id/38451750/
How can ANYBODY consider Ireland a bigger risk than Egypt when lending money? Does the European Union mean nothing? Greece faces bigger risks than Egypt? What scale is used to measure risk?
What sayest thou?
-gastropod
Here is my basis for this: The value of borrowing for Egypt...yes, Egypt, you know - the country that is overturning its government and having riots in the streets...the same Egypt with food problems...yeah, them - they have lower borrowing costs than Portugal, Ireland, Greece etc.
http://af.reuters.com/article/investingNews/idAFJOE71A0BZ20110211
http://www.cnbc.com/id/38451750/
How can ANYBODY consider Ireland a bigger risk than Egypt when lending money? Does the European Union mean nothing? Greece faces bigger risks than Egypt? What scale is used to measure risk?
What sayest thou?
-gastropod