Friday, October 24, 2008

Iceland then who next....

well investors are fleeing Russia. Fear of sovereign debt defaults. IMF fund talk does give some credence to widening risk aversions and risk premiums have shown that. Actually what risk premiums ? Just get me out.... LOL No premium is high enough for the potential risks. So what happens when the IMF fund is officially announced. Well usd positive. Cos it gives emerging countries a conduit to exchange for usd. While all this is going on, has the bail out packages seep into alleviating anything yet? The chicken is running around frantically screaming... " cracks everywhere, cracks everywhere" PS. How come impact on LATAM countries not followed through ? All quiet there all of a sudden. Must pray for people who have aggressively accumulated Dinars in the hope of revaluation. Now this happens , i hope they learn that Hope is not a investing strategy. Lord have mercy upon your people who have fallen for the path of greed.

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