5/10/2010

The EU Bailout in a word or three: this is actually a big EU Bank bailout so that the Germans and French can keep their heads in the sand. This is the EU version of Bernanke in that they hope to inflate their way out of all the bad debts on their books. But for today, don't think that a trillion dollars pumped into the markets ain't bullish, even though the end game looks to be a disaster. Oh, while no biggie to us rich guys, this deal will throw Greece and a few other countries into a Deep Depression and if you think Deep Depressions are somehow good for market stability then your MBA from that on line University may not be as good as you think.