"The average Italian doesn't know what a spread is or the difference between a bund and a bond,"...

|By:, SA News Editor

"The average Italian doesn't know what a spread is or the difference between a bund and a bond," says an economist, explaining the detachment of the average citizen from the tumult in the markets. The average American didn't know what subprime was, either. The ignorance provided no comfort when the whole thing unraveled.