"On January 7, long before Italy was in
the spotlight of mainstream media attention, I wrote Italy The Invisible Elephant.
It was five or six months before Italy became an uncloaked popular economic topic.
However, "elephant hunting" is now a popular sport and mainstream media has done a better job at spotting the next one (with help of S&P threats to France's AAA rating of course).
Elephant Spotting Articles
San Francisco Chronicle: France Plans EU7 Billion in Taxes, Cuts to Save AAA Rating
It was five or six months before Italy became an uncloaked popular economic topic.
However, "elephant hunting" is now a popular sport and mainstream media has done a better job at spotting the next one (with help of S&P threats to France's AAA rating of course).
Elephant Spotting Articles
San Francisco Chronicle: France Plans EU7 Billion in Taxes, Cuts to Save AAA Rating
France unveiled tax increases and spending cuts amounting to 7 billion euros ($9.6 billion) for next year to defend its triple-A rating as growth slows and Europe's debt crisis deepens..."at http://globaleconomicanalysis.blogspot.com/2011/11/france-new-elephant-in-room.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
