Nathan Rothschild famously quipped, "Buy when there is blood in the streets," but he never said anything about firebombs thrown at Greek riot police, a trillion dollar easing of the money supply, or synthetic collateral debt obligations.
And so, after facing turmoil in the sovereign debt markets, the Dow Jones Industrial Average is down 5.7% this week—and slightly down for the year. The FTSE and the DAX are down, while Greece's Athex Composite index is off 12.8% for the week and a whopping 25.5% so far this year.
Is Europe really a problem for the U.S.? Is this a buy signal—or is it more like the bank run of the last two years morphing into a run on debt-laden countries?
Read the rest here:
http://online.wsj.com/article/SB10001424052748703338004575230012501499240.html
Siamo all'altezza
banca europea dai soldi alle banche.
Le banche danno i soldi per gli speculatori
Queste scommesse per lo sconto dell'euro
e lo scambio scendere, mentre l'economia reale è in corso indietro.
Mario Corso
Posted by: mario corso | May 20, 2010 at 09:24 AM
sorry error
We are to the height
European bank from the money to banks.
Banks give the money to the speculators
These bets to the rebate of the euro
and the exchange go down, while the real economy is being very well
mario corso
Posted by: mario corso new | May 20, 2010 at 09:31 AM