Registered: Feb 2007
05-24-12 02:00 PM
these same investors might represent the same idiot mentality that bought into the real estate bonds and got taken,then the whole setup was blamed on subprime mortgages, no one knew what these cds's were,i doubt anyone knows what these(foriegn assets) derivatives are either and when they all get taken, it will be blamed on the greeks,one big ponzi after another
Quote from Daal:
"Perhaps more interestingly, the main reason behind the negative overall portfolio flows was the activity of eurozone investors, who bought €60bn of foreign assets, mainly bonds and money market instruments. This is the largest foreign investments in almost 1.5 years."
And this was MARCH data