Comment

Wall Street Is Underestimating How Dangerous Republicans Are For The World's Economy

101
Dr Lizardo10/04/2013 3:03:42 pm PDT

re: #99 EPR-radar

I think the term of art for this is ‘political risk’, which is now a first world problem both in the US and in Europe.

Yes it is, and I’m quite sure that the Wall Street folks find it highly disconcerting.

Political risk is the province of the Third World in traditional Wall Street thinking. Not the US or the EU. I have little doubt that this is an unexpected - and disturbing - development for them.