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.
That was my fault. I'm going to throw up zeros until we win this thing.
The truth needs so little rehearsal.
(April 08, 1955 - )
Don't try to fix the students, fix ourselves first. The good teacher makes the poor student good and the good student superior. When our students fail, we, as teachers, too, have failed.