Portugal and Greece were downgraded today, but it is from Spain that come shocking leaked news:
- Spain's unemployment rate in Q1 was 20.05%
- 4.61M people unemployed
- hihest since 1997
Forecast was 19.6%.
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Portugal and Greece were downgraded today, but it is from Spain that come shocking leaked news:
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