Let’s summarize: France, as well as many other European countries, has been downgraded. Everybody was talking about it for a while, so much for the surprise.
Then what? What comes next? EFSF was downgraded as well, being linked to the French and German triple A. So be it. Who downgrades? Rating agencies. Nothing could be further from my mind than blaming them, but weren’t those the same ones which rated subprimes with AAA?
So, financial crisis, credit crunch, consumption decrease and economy stagnation. But if economy stagnates, nothing gets better. I admit I’m simplifying a lot. Or not.
Everything goes around and around, I’m just curious to see what’s next. Eurozone collapsing? I’m not a fan of disaster scenarios and we’re not the 21st December 202 yet.
So we look somewhere else and we realize that China made more that 9% growth during 2011. So I’d better say CHINAAAA. Kidding of course, we can’t compare apples and oranges. But still, feels like learning mandarin and trading reminbi ;)
To learn more, check our Facebook page and the link posted there.
Loading ...