Thursday, December 15, 2011

Political corner: This weekend Frances' AAA ratings will be cut

...and two noch to Italy ...

if not on Sunday, il will be Monday or maximum  on Tuesday ...

For Italy, this is a bad new but not so terrible... because the up-to-date technical analysis is seeing FTSEMIB reaching 13,600 points before Christmas, followed by a new lift ...

I'm sorry because Sarkozy (ahahhaah) has made ​​the defense of the triple-A ratings a point of his political campaign (that stupid!), but you can not have your cake (AAA) and eat it (saving the French banks , among which there is Dexia ..)

It's not a coincidence that today the markets are bad (as stated by the current technical analysis of the cycle on  daily / weekly base) and especially the French banks (-7% -8% today), isn't it? ;)

Adieu, Sarkozy... of the "triumvirate" Merkel, S., Obama you are the first that we will in fact disappear within 10 months ... none of the "teacher" will still be there to direct the cart or feeling "appalled" by the actions of Cameron ... right, Nicolas?



Now, given the extremely wide,  excessive
indeed - media attention to market movements in the crisis of recent months ... since there is no longer Berlusconi, who he will be guilty?

Now.. such scoundrels as Bersani, Casini & co.... on who are they blaming
since Berlusconi has gone? on Monti??
Ah yes, of 25 billion of Italian State
manoeuvre  only 5 represent the cut of cost , but they rather should have been more than half!

Or finally will we begin to judge the political maneuvering by their intrinsic validity, regardless of market movements because that - especially in the short-termis  tantamount to judge the goodness of an operation by a random walk (or by a "roll of a dice "?)
Word of traders ..

PS: Italians, for the rating, do not worry, because the bad Italian bankers, so demonized by many circles of left-wing parties - among other things, almost paradoxically closer now to Confindustria - , have already taken steps to soften the blow in everyone's interest. ..





(article translated by author from the original version in Italian)
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