Hmmm.Strong Eagle wrote:And George Soros doesn't seem to think much of what is going on, either.
http://www.huffingtonpost.com/2011/12/0 ... 29210.html
I have to laugh. With statements like 'sources say Merkel is prepared to buy more debt' tend to support other writers who say that the EU governments are completely blind to the situation.
What WOULD prevent a world recession... with or without retaining the Euro?
Isn't this what they call a carry-trade (a la Japanese, the turning off of which just pre the initial crash started ALL of this)? Printing free money for the banks, (at the taxpayers expense of course). The ultimate in 'kin make-believe.BillyB wrote:http://www.bbc.co.uk/news/business-16282206
Dead cat bounce.......
Thought this might be of interest. It suggests that the US is a safe-haven compared to Europe.Strong Eagle wrote:Where's the money to be made in all of this?
I thought the Scottish Independence view had altered slightly after some financial analysis was done and it was realised that they would be on the the hook for RBS and a large portion of the HBOS bailout money?aster wrote:I don't think anyone cares any more what the jokers that call themselves "rating agencies" have to say. The markets are completely unaffected by Friday's announcement, taking it as a good joke to kick-start the weekend.
Time to let the banks take a hit, like wiping off 50-60% of Greek's debt. As for the Euro and EU, there is no danger. It's all been blown out of proportion. And unlike the US, they haven't resorted to printing money.
Gotta side with France and Germany about giving the Shylocks a kick up the rear end. Too bad Cameron is trying to create a safe-haven for global thievery, but then nobody takes him seriously any more either... not even Scotland who wants out.
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