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Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. - George Soros

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Entries Tagged ‘Bad Business’

The United States may lose its ‘AAA’ rating due to the large amount of debt it has accumulated

Isn’t this the macro economic event all of the micro events have been pointing to? The US cannot bail out Lehman, Freddie, Fannie, AIG, etc without being caught up in their wake. The government is following the same bad business model that made some of these companies collapse. They are using short term debt to [...]

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Eating up every finantial institution out there. island, pakistan, japan, england and even south america.

in 1999 Ecuador went bankruped. most banks were nationalized our currency died (we use to have the “sucre” since 1999 we are dollarized) about 3 million of our 13 million population emigrated to spain or italy. our middle class almost disappeared, there was and STILL is a huuuuge disparity between the rich and the poor [...]

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