[William Pesek] Investors unite: Buy Australian bank debt
Feb 23, 2011
Investors of the world, unite and buy Australian bank debt. Why? Moody’s Investors Service suggests you shouldn’t. Really, in our post-U.S.-crisis world, is there a better contrarian indicator? Credit raters missed the Asian crisis, Russia’s default, the tech-stock crash, Enron, the U.S. housing bubble, Wall Street’s collapse and Europe’s meltdown. Now, we’re supposed to care what they think abo...