Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

SandP down grades of PIIGS... all part of a bigger plan!

Reply
DEP
Super Contributor
BIGGER PLAN: S&P down graded Spain yesterday, Portugal and Greece on Tuesday... surely the "big guys" of this world are creating another crisis in order to bring the next step... TRUST NO ONE! The New World order!
0 Kudos
2 REPLIES 2
kwagga
Super Contributor
If you default on debt, you default. Nothing sinister about that. These countries should not be bailed out since a default piont to bigger underlying economic issues in these economies that they need to address. Why throw quick money at a long term problem? Politicians are running economies into the ground because they always choose the parth of least resistence from a voter point of view. This resulted in unsustainable economies of scale - The USA and Japan are prime examples. Things need to change in these countries, but no politician has the right size b@lls to make these difficult decisions.
0 Kudos
DEP
Super Contributor
Well, the USA is in no better shape than the PIIGS... Look at the federal debt... only reason there is no trouble (US) with their Bonds yet: 1. Low interest rate (for now) 2. Confidence in US Bond (for now). PS. The China can collapse the world economy if they want... they are the biggest buys/holders of US Bond.
0 Kudos