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Mephisto's european morning briefing:
The US is heading for deflation thanks to its reserve currency. The Fed is clueless and powerless.
The UK is heading for higher inflation, it thinks, but basically doesnt know. If Europe is fucked, so is everyone else. The BOE is clueless and powerless.
Germany is uncertain, but thinks growth will be zero, and if Europe is fucked, so is everyone else.
China is lying.
Why can't Greece and Spain just default already. It's like waiting for a Schwarzenegger movie - You just want it to start so you can see the explosions :P
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