PIGS, unlike subprime, who is going to bail them out?
International gov't? politics can't catch up with finance, hedge funds borrow and then invest globaly, but one risk averts, dollar shoots up;
risks are across nations, but not regulations, big volatility ahead
International gov't? politics can't catch up with finance, hedge funds borrow and then invest globaly, but one risk averts, dollar shoots up;
risks are across nations, but not regulations, big volatility ahead
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