Market Review and Trends
Déjà vu
By Patrick See  •  June 22, 2011
The most likely explanation of déjà vu is not that it is an act of "precognition" or "prophecy", but rather that it is an anomaly of memory, giving the false impression that an experience is "being recalled". An extract from Wikipedia. Would history itself? Are we going to witness the Global financial crisis of 2008? The vote of confidence in Greece is a no-brainer. It has to pass. Otherwise Plan B needs to be executed. “B” is for Bankrupt. Therefore, here’s plan A, the drama. Here’s the drama. We have until Jul 3rd before the European finance ministers meet to decide if Greece were to receive the next tranche of bailout funds. In my opinion, a Greek default is an almost certainty. But how well can it be played (here’s the “wayang-wayang”) to avoid it from spreading a ‘swine flu’ epidemic into PIGS and globally? Will it shatter confidence in financial, global markets and Déjà vu – another global financial crisis?......
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By Patrick See
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