Chile Forum

The day after S&P made their announcement panic hit the market and a lot of folks got out of stocks. Where sis they put their money? US Treasury Bills!

ElPincheViejo wrote:The day after S&P made their announcement panic hit the market and a lot of folks got out of stocks. Where sis they put their money? US Treasury Bills!

Maybe they had advance notice of the 2Q German economic growth figures (though like they're any news, economic growth in prudent and self-righteous Germany correlates inversely with the number of public holidays falling on a weekday, i.e. essentially it's been stagnated for many years now).

Wrong thread to express this sentiment, but in the face of worldwide economic meltdown this week France and Germany did... umm... well, nothing much, and for once it's actually the correct course of action:

The US has led the race to the bottom for so long in terms of currency valuation and more recently in confidence in its politics. Now "folks" woke up to the fact that... duh... Germany is going nowhere very slowly. Don't say it too loudly yet but there are countries in Europe with actual prospects for growth.

Where are "folks" going to run to now?

FrankPintor wrote:Where are "folks" going to run to now?

Chile?