11Oct

Is Spain a Self Fulfilling Prophecy

The definition of a self fulfilling prophecy is

“A prediction that directly or indirectly causes itself to become true”.

Yet again Spain is hitting the headlines:
“Red Cross starts its first campaign in history to feed the starving in Spain”

“S&P downgrade Spain to just above Junk and put on negative watch”

“Moody’s anticipated to downgrade Spain to Junk Bond status”.