First written 23 November 2011
....or Italy.... or Spain. Even France looks to be under pressure. I was only away in India for three weeks- but a lot is happening in the financial world. And literally the financial WORLD.
We live in a global society. What happens in one market today can shift to another the next day. The speed of financial transactions, the interconectivity around the world markets and the ability to log on anywhere at any time has created globalization. Globalization is a relatively new word and was used primarily to describe the removal of trade barriers. Increasingly it is also being used to describe the speed of travel and the increase in social media and other web technology. Globalization means we can get to everyone from everywhere. And so can the market traders. Countries such as Greece can't hide away. Every action is studied and every move responded to on the market. It is a financial world.
....or Italy.... or Spain. Even France looks to be under pressure. I was only away in India for three weeks- but a lot is happening in the financial world. And literally the financial WORLD.
We live in a global society. What happens in one market today can shift to another the next day. The speed of financial transactions, the interconectivity around the world markets and the ability to log on anywhere at any time has created globalization. Globalization is a relatively new word and was used primarily to describe the removal of trade barriers. Increasingly it is also being used to describe the speed of travel and the increase in social media and other web technology. Globalization means we can get to everyone from everywhere. And so can the market traders. Countries such as Greece can't hide away. Every action is studied and every move responded to on the market. It is a financial world.
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