To quote Rosenberg, just like insanity is doing the same thing
over expecting a different result...it is insane that Italy, who
borrows at 6%, is part of a bailout package to Spain by lending
them money at 3...The place is a slow motion car crash. This
market scares me.
Euro insanity
Posted by stockus on 12th of Jun 2012 at 02:57 pm
To quote Rosenberg, just like insanity is doing the same thing over expecting a different result...it is insane that Italy, who borrows at 6%, is part of a bailout package to Spain by lending them money at 3...The place is a slow motion car crash. This market scares me.
Everything being done is geared
Posted by randy on 12th of Jun 2012 at 04:08 pm
Everything being done is geared towards the BIG banks not losing any money, no matter who else pays. The same as the US.
The Golden Rule
Posted by billnew52 on 12th of Jun 2012 at 04:11 pm
They are just being good global citizens following the Golden Rule. "He who has the gold, rules!"