Tuesday, February 21, 2012

Greece

Is there anyone out there that actually thinks that the Greece saga is over?  It looks like Europe is "all in" with the austerity concept which will fail miserably.  At least the ECB has opened up it's balance sheet and helped to stabilize rates for some of the other affected countries.  The sad part about this is that the austerity nut jobs actually think it's their policy that has turned things around.  Let's hope that Draghi continues fighting with expansive monetary policy because fiscally the politicians across the Atlantic are more fucked up than ours are.

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