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Europe is heading into a 10 year deflation glut. Once Axel "The Ax" Weber takes over and unleashes his inflation prevetion programme fears of hyperinflation will feel like believing in the tooth fairy.
The whole mess sounds eerily like the spring of 2008 for US financials.
Ya, ya, das ist gut....how about credit default schnapps anyone?
What we have here, is a failure to communicate.
What time is the dual press confess (typo stays) with Alan Schwartz and Dick Fuld?
Nobody or nothing wants to touch the Greece fly paper.
By default, enter the greasy IMF....by now busily seeking a Greek backstop deal from Timmy. They already know a bailout is really a gift.
Nice, btw has gold taken off already??
Can't we just get the derivatives players in here and just derivatives this shit away? In fact just do a derivatives save our ass day, we'll have all the derivative kings meet at the local coliseum and countries and failing borrowers can have their asses saved and the accountants will be on hand lending free tax advice. We'll be serving wine and cheese in the lobby.
The IMF needs to sell the balance of their gold sale to China in order shovel some money into the greecy fire pit.
Ruth, that is hilarious...
I can get you into the VIP room for employees only, we've got champagne in there;) Anyone else?
Oh not THAT kind of VIP room. Never mind!
Better to be thought a fool, than to open one's mouth and remove all doubt...
Why don't they just borrow some of California's and Illinois IOU's?
Great news. "Markets" up.
This is the kind of climate that produces counterfeit Euros.
Brussels beat you to it.
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