Justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.
Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclays Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.
Each week we will bring you Justin’s latest thoughts and commentry.
DO NOT TRUST THE HORSE, TROJANS – Read the full article here!
So we finally come to what looks like the end of the poker game, and so far no one has blinked. One side bets that surely the other won’t be so stupid and the other bets – well the same. If Greece defaults does this then become the next Lehman Brothers and all the tentacles of debt start to pull down the edifice of the Euro? Or has in fact most of the debt in reality been effectively written off by banks and other holders such that any such collateral damage (in this case quite literally collateral) will be minimised?
Frankly there must come a stage when reality is faced with a single currency that if you are not going to play according to the rules then you will have to go. As it is the rules are pretty lax anyway with no real centrally controlled monetary or fiscal policy, so maybe this is the moment to get various parties to put up or shut up.
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