Monday, April 4, 2016
Just like the optical illusion that appears in the above photograph, the so-called 'Panama Papers' are nothing more but another feeble attempt to distort reality. Bringing with it a lot of attention to something that everyone in corporate finance knows already, and most people with a brain cell have already figured out year's ago!
There is no 'big secret'. There is no surprise in today's news about a Panamanian law firm leak of thousands of confidential papers about the off-shore dealings of the elite. The world's financial markets run on 'offshore'. The world runs on 'offshore'.
The question is why Panama? ... Why now?