Germany decided to bail out Greece – or rather joined the bandwagon of ‘Greece bailout helpers’. In its heart perhaps the Germans know (knew) that this is not a great deal after all. Of course the market had to tell the German government what it thought. So the market started selling Government bonds. The Government […]

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OK Thailand is not in the same category as Greece and Portugal..but if the Red Shirts continue…then the recovery of Thailand will take a beating… Feels good to say …’I said it here first’….as channels would have said..see my posting of 22nd April. The White Man had NOT PRICED in the default or even the […]

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