Category: Spanish sovereign debt

“Saving the Euro” – the Spanish Ponzi Scheme

Warren Buffett once sought to humanise international finance in the form of a person he called “Mr Market”. Mr Market, he discovered, has a manic personality, and is prone to swing erratically and unpredictably from roaring euphoria to almost suicidal depression. Mr Market’s reaction to breaking news tends to be out of all proportion to its likely …

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