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.
Money can't buy you happiness but it does bring you a more pleasant form of misery.
(April 16, 1918 - February 27, 2002)
It is significant to note that those who live on vegetarian food are less prone to diseases, whereas non-vegetarians are subject to more diseases. Why? Because animal food is incompatible with the needs of the human body.
Sri Sathya Sai Baba
(November 23, 1926 - )
We all know that Art is not truth. Art is a lie that makes us realize the truth, at least the truth that is given to us to understand.