Friday, June 23, 2006
Football Mania on the Trading floor
As you can see the football mania is hitting the trading floor.
This was in todays Telegraph, and there is some corelation between the performance of the countries economy and their performance in soccer worldcup.
Like right now the emerging market exonomies are all going in a spin. There are massive sell offs.
Turkey which didnt even qualify for the world cup, is seeing massive depreciation in the currency and record inflation levels.
Poland, Czech Republic and Croatia have been knocked out, thus you can imagine the currencies and equities in those countries might have plunged to their lowest levels.
Though Argentina and Brazil have performed well, lets see their bond and stocks performance.
Till then not much, let me get back to watching the football matcheson TV (at work) :)