Archive for December 8th, 2011

All Over But The Dithering

Thursday, December 8th, 2011

Euroland: finished, until and unless the ECB brings out the bazooka!

All the nonsense about fiscal consolidation changes nothing.

All the lying by Merkozy amounts to nothing.

All the austerity leads to disaster.

The Fed will soon have to decide (yet again) to do the job Europeans refuse to do.

The Europeans will have to decide whether they wish to do anything about the trade imbalances, ridiculously low inflation, and utterly failed leaders that are destroying their currency.

Gorilla says: “Yet another Nuremburg show trial, this time put on by the Germans!”