I thought about putting this in the Financial Fuckery thread but I wasn't sure - feel free to combine it if you like.
Great video (and article) in the FT today http://www.ft.com/cms/s/0/daa19912-abd1-11e0-945a-00144feabdc0.html#axzz1RsWl8dfM
The video particularly was great, with Edward Hadas essentially saying that, despite Italy being very conservative, careful and responsible ... the markets will create a crisis simply by panicking about the possibility of there being a crisis, no matter how illogical it is, or how much more logical it may be for the USA to be the target of this kind of speculation.
So there you have it. Economics - people panic because panicking is scary and panic causes everything to go wrong no matter what you've been trying to do before this! Hahah!
Great video (and article) in the FT today http://www.ft.com/cms/s/0/daa19912-abd1-11e0-945a-00144feabdc0.html#axzz1RsWl8dfM
The video particularly was great, with Edward Hadas essentially saying that, despite Italy being very conservative, careful and responsible ... the markets will create a crisis simply by panicking about the possibility of there being a crisis, no matter how illogical it is, or how much more logical it may be for the USA to be the target of this kind of speculation.
So there you have it. Economics - people panic because panicking is scary and panic causes everything to go wrong no matter what you've been trying to do before this! Hahah!