Tuesday, July 12, 2011

The Beginning of the End of Europe


Yesterday, the European contagion spread to Italy and Spain. The sovereign debt of those two countries swooned—for no discernible reason.

No discernible reason whatsoever: The Italian and Spanish bond markets just sort of . . . plopped, like when a learning-to-walk toddler suddenly plops on his behind? Exactly like that: For no reason whatsoever.

The only conclusion that I can draw from this Monday swoon is that we’ve hit the tipping point: This is the start of the eurozone endgame. It is now only a matter of time before the eurozone breaks apart. Therefore, get back in your seats, buckle up, and brace yourselves good—‘cause it’s gonna be a bumpy ride.

Let me explain my thinking:


More Here..

9 comments:

  1. I have a web site where I give advise on penny stocks and stocks under five dollars. I have many years of experience with these type of stocks. If their is anyone that is interested in these type of stocks you can check out my web site by just clicking my name. I would like to comment. I do not think that we will see real improvement in the economy until we see sustainable job growth. Recently the number of jobs created has been running around two hundred thousand a month.The GDP report that just came out recently was only 2% this is not nearly high enough to sustain employment growth of two hundred thousand jobs a month Another factor holding things back is stagnation of wages and benifits. This is good for business owners but terrible news for workers.

    ReplyDelete
  2. 2:00
    Jonathan Lesbed, is that you? Are you still doing pump and dump scheme but this time on penny stocks?

    ReplyDelete
  3. Umm... there is no job growth at all. NONE. And if you think job growth is to result in recovery think a little bit more, if you can at all.

    How many more cell phones, cars, salons, bars, movies, walmarts, and such does this world need? Particularly America? So all the workers within any of those are suffice, you do not need to add anymore people to that list.

    So, Tea Partiers, how about we stop complaining about teenagers not bagging groceries and instead focus on how we can create jobs that actually mean something? You know, like food production, or how we can make our own clothes instead of import them from third world countries to stores like walmart?

    And the fiat crap we use is on its way out, so there can't be a recovery until we move past the dollars death. See, the monetary system the Fed set up for us, with the economic and social environment they steadily designed for us in the last 150 years, is mostly the problem.

    Basically we've had our real skills taken away from us. People here walk around with radiated brains thinking they're hot shit using cell phones. They're so fucking stupid, fat, and unsophisticated.

    The business world is all a competition for paper money. There is no seeking of real values or any practical concerns. This is why they slam bartering so much! Because in a bartering system the people who have the most talent and utility succeed!

    Oh the fake capitalism we've all been destroyed by is amazing. Keep the banks around and fear the death of your toilet paper... by all and any means necessary!

    ReplyDelete
  4. The State of Italy
    Two trillion dollars worth of bonds to mature next five years.

    A prime minister that has managed to make corruption look fashionable.

    A political system that is in a perpetual state of disaray.

    Oh , and for everything else there's mastercard.

    ReplyDelete
  5. I talked to a Washington State sales tax administrator last Friday. She has worked there twenty years. She said she has never seen taxable sales figures as low as this 2nd quarter.

    Business owners call her and ask if they really have to bother filing.

    Reality and the Cartoon News Network are two different things.

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  6. 4:55 you are wrong about job growth.

    There is a lot of growth.

    McDonalds is hiring.

    Government jobs via the printing press.

    But that is all.

    ReplyDelete
  7. College marketing graduates repeat after me if you want steady employment. You have to pay those huge student loans.

    "Would you like fries with that?"

    "Thank you, please come again."

    ReplyDelete
  8. Reality and Fox News are two different things, just ask Criminal Rupert Murdock who just got caught spying on people and had to shut down one of his rags in England

    ReplyDelete
  9. 135 you forgot Military sheeple to go and be in a meat grinder in a fake oil opium war

    ReplyDelete

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