Central Europe, where more good news is priced in, may lag Russia and Turkey.
It would be a good opportunity to signal a change in interest rate policy. This is a country with single-digit inflation and an interest rate of 20 percent. It's ridiculous.
The reality is that there's risk everywhere, in every country. We're now in a world where you've got two types of countries: emerging markets, where political risk is priced in, and a whole bunch where it isn't priced in at all.
It's a country developing very fast and it deserves to have low credit spreads. Investors like myself with pension funds and central banks will just buy into any weakness.
The possibility of Mexico and maybe Russia trading through Italy is very real.
I think they're a little shocked at first. . . . Then they start laughing or grinning or shaking my hand,
But now he's in shape, he gets up and down the ice, and he's a player.
Whoever despises himself still esteems the despiser within himself