Archive - May 9, 2012 - Blog entry

Sign of Japan's "declining economic power"

Rod Serling is not doing the narration for the e-Zone unravel. And he will never turn the control of your television set back to you. It’s just going to start getting weird and keep getting weirder. Europe is the Twilight Zone.

May there forever reign in Europe;

Misplaced faith and bankrupt justice;

And austerity for the people;

In an a monetary Never Never Land

If you're not familiar with the concept of "Cost Shifting", the deadly (to your competition) effect of negative margins or believe that Google is search engine or ad co., then this article/video is a must read/see.

THIS is the fate that awaits the European banking system. Every single EU bank has leveraged itself based on financial models that consider sovereign bonds to be “risk free.” Moreover, EVERY EU bank is leverage to the hilt based on its OWN in-­?house assessment of the riskiness of its loan portfolio.

All you need to read and some more.