We all know what happened in Spain in 2008.Due to extremely generous feed in tariffs for solar , installers went on a spree installing 2.5 GW of solar in 6 months compared to the world’s global capacity till date of less than 20 GW . This led to a sharp revision and crash of the […]
The politicians keep saying that the sovereign debt fears related to their country are a complete hogwash but these fears keep coming true with nasty regularity.Dubai’s leader at an investment conference 2-3 months before the crisis said he had nothing to fear before the debt crisis reached a peak for Dubia.Same thing happened with Greece […]
I was wondering in my last post that Which will be the next domino to fall after Greece? I had my answer much earlier than thought and in plural.Earlier in the day Portugal shares were down on 6% on its debt being downgrade by S&P. The ratings agency which has been ranked as one of […]
With US and European markets finally falling on European problems,Asian ones are still not taking into account the major disruptions to be caused by the falling Euro and European demand. Its just not Greece rather the whole indebted Southern Europe that is ordained to spend in the next few years in a low to negative […]