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'Grand Masterplans' halflife now 2-3 days.
As Italy goes France follows. Italy continues to be the story, along with the Yenterventions which are only beginning.
Today last window-dressing session. Tomorrow "damned Tuesday", bitchez?
I always question how honest and how far the credit ratings agencies can go. The pressure on them to not rock the boat must be enormous...
Note to rating agencies:
Shitcan all those "A"s in the alphabet box; start pulling out the "B"s.
No kidding. Realization is dawning about the unfunded Euro bailout fund. All waiting for Obama/Geithner to put the US balance sheet on the line.
Why is any of this a surprise?
Restoration and The “Failing Five” in Euroland
Time to create another plan with a 5 letter title. If 4 don't work, 5 will!
Notice how the Nordic and the former East block countries have very little exposure? People with experience in centrally planned ponzi economies know not to go there again!
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