What I know about economics wouldn’t even fill the back of a very small postage stamp. I can’t tell the difference between hedge funds, trust funds, endowment mortgages and debenture schemes. The only thing I know about defaulting is when the time comes to lay the blame.
Default always lies at someone else’s door (if you pardon the pun). Someone with a bit more knowledge than I suggests that there’s a 98% certainty that Greece will not make its loan repayments within five years.
Default lies with those who gave it to them in the first place. Default was never theirs.
Posted in 100 Days, 100 Words, Money
Tagged Banking Crisis, Banks, Business, Clusterstock, Default, Economy, EMF, Eurozone, Facebook, Funds, Greece, Hedge fund, IMF, Investing, Money, Mutual Funds, Twitter
What with the global economy looking like its going the way of the dodo (via a Life Extinction Event – Deep Impact, how are you?); with riots breaking out in nearly every major city in the United Kingdom; and with a 77-year-old semi-retired television presenter well on his way to becoming President of the Republic of Ireland, one thought comes to mind: Neptune is supposed to be nice at this time of year.
I don’t know about you, but the next space ship that passes my way, I’m on it. I just hope I don’t bump into some damn dirty apes.