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the heroes of the Val di Fassa

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word too often used inappropriately.
In this case I have no doubt.
A greeting and a hug to the family members seemed to me the least ... for what it's used.

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WISHES FOR A WONDERFUL HOLIDAY .... still

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is back to talk to bubble. It is said that we are more or less returned to conditions prior to the start of the crisis of nearly two years ago, which meanwhile is only just beginning to do damage in Italy (which presumably will mitigate the effects only in 2012).

anyone today remember the words that Alan dele Greenspan spoke when he finished his tenure at the Federal Reserve to his successor:

"I left three envelopes, one for each crisis.

In the first it says: FROM THE MARKET TO BLAME.

In the second there wrote: FROM THE GOVERNMENT TO BLAME.

In the third and finally, prepares three envelopes. "

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the blog on the financial crisis takes 4 years

thanks are due to all those who after four years still follow my travels mental Blog.
Force then. Goal is to always improve. In this regard ... any advice is welcome!

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The Greek crisis and globalization. Cut the

Interesting article on the Sun 24 hours in which it is known that the Lombardia region some years ago has issued bonds with a maturity of 2032 for a lot of dollars. What c'azzecca? Here now we come here. Issuing bonds means that the region is obviously inappropriate to immediately give services to Lombard. Perfect. Appropriately, it is adjusted with a repayment plan in which the region annually a share of debt repayment. In this way you do not fall on future generations the benefit given to this generation. Well. The banks that arrange this plan do their job and then reinvest the money that pours into the region annually financial products. The agreement provides that all profits go to the banks and any losses to the region, ie the citizens. Hmm. And what to invest in banks? Among other things there seems to be also shares a loan issued by the greek government, which in turn was indebted to provide services to the Greeks. Ah! Ergo: if Greece goes into default, that fails, he can not repay the bond, this results in a shortfall for all those who bought the shares, including the Lombardy region, namely the Lombard citizens. So much to say how the world works.
But we see a positive aspect. The crisis in Greek fibrillation maintains the financial world, he thought he had passed the age of darkness. So the prediction of an imminent rise in interest rates could be frozen with the benefit of all those who got a mortgage .