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RE: The bull run might come from Italian Investors

in #money7 years ago

Not even two weeks ago Goldman Sachs does this:

Goldman Sachs has removed one of Italy’s most prominent companies from a list of recommended stocks, as a direct consequence of the incoming populist government.

Italy has been without a government for more than two months since an inconclusive election in March but is the Five Star Movement and the Lega Nord have now agreed on the principal terms of a ruling coalition.

The coalition has Goldman worried about Enel, Italy’s state-controlled utility company. Both Five Star and Lega Nord are committed to using more renewable energy while in government, something that is likely to hurt Enel as it would likely end up lowering energy prices and impacting the company’s profitability.
source: Business Insider

The Italians are being screwed and have been for years now. And like almost always the people's anger gets moulded into extreme nationalism so they now have a populist government, following the example of most screwed-over countries, which is always a sad thing to witness but unavoidable it seems. Don't kid yourself: the name of the social- political- and economic developments we witness here is "fascism".

And yea, we might profit from that, we probably will. I just can't feel good about it.

I do feel good about your post though :-) It's a good and honest one, like always :-)

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wow.. this the dorsal fin my friend... there are sharks in the water.

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