London Rioters Vs. Stock Market Traders: Who's More Destructive?

Amplify’d from globalspin.blogs.time.com

when markets began viewing that debt as iffy at best, they started lavishly dumping it as part of the process that sent borrowing costs for Greece, Italy, and other targeted countries rising. And, of course, those rising borrowing costs created by market scorn has made it more expensive for indebted countries to pay off creditors and avoid default--an outcome that becomes increasingly likely thanks to the action by the markets  betting billions on that exact situation coming to pass. Think of it as a “their pain, our gain” arrangement, not entirely unlike the de facto mindset of the hooded lads in Clapham sporting new trainers and iPads these days. Read more at globalspin.blogs.time.com

 

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