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Roubini from his new Blog site (RGEmonitor has been reborn)
Why did he turn off commenting?
Well what is CNBC waiting for? GET CRAMER OUT THERE NOW! WE NEED CONFIDENCE NOW!
Germany should not bail out the weaker nations of the Eurozone....but they will.
At least they will try.
It is my understanding that the German opposition parties are even more in favor of having Germany bail out the weak Eurotrash countries than Merkel.
We need to remember that her political weakness does not mean anything would change if she is booted out.
Not sure if folks here at ZH saw this one, massive hit job on Standard & Poor's in Bloomberg after trading last night (note telling link title, not the same as the actual headline):
London House Prices Plunge on Financial Turmoil
By Scott Hamilton
As the Greek guy said: THAT UGLY GERMAN WOMAN PAID MY BILLS!
The Spanish people will also say: THE GERMANS WILL PAY OUR BILLS!
and the Portugese will say: THE GERMANS WILL PAY OUR BILLS!
But the Italians will say: THE GERMANS WILL PAY OUR BILLS!
On which the Irish might also add: THE GERMANS WILL PAY OUR BILLS!
On which the Germans will answer: I'm sorry waitor, I don't know those people and I already got laid by that Greek guy who turned out had the crabs...
The price of the Eurobond will be Griechische Anschluss. Nothing else is economically feasible. But there is no political will on either side for this solution, as those who enact it will be voted out of office so quickly their heads will spin.
Expect this drama to go on...and on...and on....
the wall is not only get bigger but more concave as well.
it's looking more and more like a trap and there may be no way over.
Entire world economy now just based upon who gets stuck with the bill, like a bunch of hobos after eating all nervously eyeing the door while all looking thru their obviously empty wallets. Who will be the first to bolt?
Fitch reassures US AAA credit rating, outlook stable,
bears got f*cked again.
i'm not sure even fitch cares about fitch ratings! this one was bought and paid for - probably by some new change to dodd/frank
US debt is really a 'C', everyone knows it, but Fitch assures its as good as holding gold? LULZ!
I have to take my hat off to the Germans. They got screwed out of WWII and the chance to become a world super power by Hitler, only to be replaced by the Russians and Americans ( a group of lacky's that are today about on par). That alone should make every German pissed off for eternity. And now they are being taken down by the Southern European countries and a sea of debt, while the Chinese are doing everything that they today should be doing, from Africa to the Middle east. This is worse than Rommels collapse in North Africa. At least he isn't here today to see this German distaster. I think the Germans should tell everyone to F.O and start over. Just like after WWI...
Written by an American.
The Germans really are pissed.
Whom they are pissed at has the name that cannot be spoken.
This will not end well, and this time it will not be the Germans who carry the load of Atlas.
merkel who seems about as straight laced as a politician can get, handing checks to italian politicians who seem to be at the other end of the straight laced scale, cannot make her happy
F-105, they are still occupied by Coke and MacDonalds, most too old to remember being the center of Europe.
The sooner Standard and Poor's comes out and downgrades the entire world the better. Since no major country in the world is apparently willing to either address their debts or formally devalue their own currency, let S&P do it for them so we can begin to rebuild a new world financial order based on the truth instead of lies.
This is the best part about Ponzi schemes. Keep it a surprise.
Wow. Comments disappearing. Mercury sure is retrograde.
"and the bullishness that was inspired by the strength of stocks has been replaced with doubt again."
Woe be unto the people whose bullishness is inspired by the strength of its stock markets.
Blessed be unto the people whose bullish stock markets are inspired by the strength of the economy.
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