Thankfully, Yves Smith has saved us the bother of searching up myriad quotes and references by allowing Naked Capitalism to publish a post entitled, 'Ryskamp: German Greek Bailout Legislation, TARP 1.0, and Hitler’s Enabling Act'.
That kind of demagogic, hot-button rubbish, dear reader, is what one is forced to resort to when facts threaten to interfere with an editorial stance that has garnered both a wide readership, a book contract and more than a small amount of fame as a pundit of merit.
Those wishing to get ahead of the curve might consider getting long Zyklon B. Let us know how that works out.
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5 Comments:
There's some people that are pretty upset this morning. Seems kind of risky to hold a short over a weekend, especially with the regional election in Germany being over.
Longer term I think the ECB needs to encourage some amount of inflation to help erase past mistakes and push people to invest in more productive assets.
A rule of thumb in highly leveraged markets is to not hold positions going into economic report days. Imagine how non-farm payrolls stacks up against this weekends EU meetings in that regard. It looks good on them.
As an aside, the German regional election thing is, except to Angela Merkel, a bit of a red herring. There isn't a government in existence that won't find itself out of office come polling day in this environment - even maybe the PSOE in Andalucia.
Let's see how long this euphoria lasts.
The Euro is pretty much back where it started. Must be pretty painful for the Chinese, being pegged to the USD and having 57 percent of its exports headed to the EU.
I suppose we Europeans all more competitive now, right? I feel smarter and harder working already.
Yeah, but are you going to keep at it til your 70 years old?
Given the youth unemployment rate in Spain, it's going to get pretty tough to pay for longer living retires once the current working generation retires.
The Japanese seem to think they can solve this problem with robots.
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