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New leftist governments in Greece and France may start a trend that flows though the continent. The debt based economy that was created with the euro does not work as well as the debt based economy the U.S. has.
In the Euro-zone the debt is held and the debt controlled outside the control of the sovereign govern...more
Investors shrugged off nothing, Europeans are dumping the euro before it ceases to function as a currency, and they're running to the U.S. as fast as they can.
They react like lemmings to the sea not seeing that the U.S. is bad shape with its debt too.
Fatuus,
No hope? Really? Good. Then why don't you do us all a favor and take a flying leap off the nearest mountain
How much hope do you need to feed a starving child?
Europe is still slowing, China still has their foot on the brake. In Brazil The government is instituting regulation that will stifle their progress. The Russians can't decide if they want to turn back to their socialist past. Turmoil continues in the Arab world. The U.S. has managed a whopping 1.8% growth rate despite...more
Jon Corzine used money from segregated accounts. These accounts are sacrosanct. There is already testimony to the fact that he knew these accounts had been violated. Yet because he is well connected and a Democrat he still walks free. $1,200,000,000.00 thief above the law.
rousseau,
Most money managers are taught in the same neo-classical economic schools. They are taught that U.S. government bonds are the safe haven of choice. They don't realize that times have changed since their textbooks were written. So they gather like lemmings rushing toward the sea to an investment class th...more
12/15/2011
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