The interesting thing to me is the fear a couple years ago was Greece's problems would spread to Ireland and Portugal and then Spain and then Italy and then that would take the whole thing apart. Isn't that's what's happening right now? It's just in slow motion compared to the original idea that everything would unravel in months. The ECB's different extend it programs changed the timeline but not the problem. Fear seems to be tied more to velocity then actually outcomes. Not sure if this is people having the time to hope for the best or more everyone's had time to process and accept the outcome instead of the panic high speed movement caused panic. Either way we're still headed in the same direction people just don't seem as scared.
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