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Sunday, July 10, 2011

I Had Blogging Plans

But I ended up reading through newspapers, mostly in Europe, for news about the Italian apocalypse.

I said it over a year ago. Italy must default, or Italy must go back to the lira. I do not see how anyone believes that the type of strategies being discussed can possibly help.

So from my perspective, what I have just read in German and English and French and Italian and Dutch is that either the entire debate must change by the end of August or the Italian banks go down, and as soon as the Italian banks go down, I think the Austrian/eastern bloc chain of loans is deeply impacted.

However I will try to go back to where I was going before tomorrow, which was to the rapid shifts in Foreign-related that I am seeing. I feel a vast disturbance in the force.

It's rare that one busts out laughing from Bloomberg articles. The Italian market watchdogs are trying to crack down on financial firm shortsellers.

Comments:
So the euro weakens and the Fed has room to
Weaken the dollar. We get more commodity inflation
And labor gets squeezed out. QE3 made possible by
Europe.

Sporkfed
 
I sure Europe will do the right thing. After they exhaust every other plan first.
 
"... I do not see how anyone believes that the type of strategies being discussed can possibly help ..."
= = = = = =

Well, they're Liberal-Progressives (aka socialists in all but name). There IS NO "God"; there IS NO "Reality"; there is nothing but THEIR SOVEREIGN WILL. And they WILL their fixes to work, and so --> work they shall. Thus they have spoken, thus it must be.

(And yet: Reality, that impudent b!tch, doesn't play along. It must just scald their shorts that they make such bee-yoo-tee-ful plans, and yet somehow, "unexpectedly", the numbers don't do what they've been told to do. Sad, so very sad...)

wv: drosit
? Sort of like "prosit"? After all, it's 5 o'clock somewhere!
 
Also, an accessible-to-laymen article by Mish:

http://globaleconomicanalysis.blogspot.com/2011/07/bond-vigalantes-stike-crisis-in-italy.html?x#echocomments
 
MOM,

I have good news for you today. I've replaced my last post. I know how much that chart hurt your eyes. ;)
 
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