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Bo Peng
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I run a fund based on automated trading and technical analysis. But my favorite pastime is thinking and talking about political economy. I guess I'm George Soros. Writing helps clarifying my thinking. All opinion expressed here is mine, wholly mine, nobody's but mine. And all trading/investment... More
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  • Now It's Official -- Merkel Has Gone Mad 7 comments
    May 19, 2010 4:26 AM
    Merkel says Euro is in danger...oh dear. This FT Alphaville piece, consisting almost entirely of Reuter's flashes but sprinkled with fantastic, minimalist decoration, needs no additions.

    It's mind boggling. My mind is boggled. How can they fumble it so bad with such perfect timing and say everything exactly wrong? Is there something about the Anglo coolheadedness vs the German deeply buried emotional wreck like Vulcans?

    With this, we conclude that EUR must die, because the only alternative, a political union on top of a monetary union gone mad, would be unconscionable.

    I just hope we don't point back at this in 2030 as the seed for the Third European War.



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Comments (7)
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  • Michael Clark
    , contributor
    Comments (11578) | Send Message
     
    Love your writing, Po. I'm glad I found you.
    9 Jun 2010, 01:05 PM Reply Like
  • Michael Clark
    , contributor
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    I love the description of France's hyperactive leader (reminding me of a rat in a labyrinth -- clearly the 'manic' half of the marriage) and Germany's stoic (depressive) counterpart.

     

    Show a picture in the dictionary of Sarkozy-Merkel and they will be a visual definition of 'manic-depression'.
    9 Jun 2010, 01:32 PM Reply Like
  • Michael Clark
    , contributor
    Comments (11578) | Send Message
     
    Sorry, I meant to write Bo, not Po.
    9 Jun 2010, 01:32 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2216) | Send Message
     
    Haha! A rat in a maze is an awesome analogy.
    9 Jun 2010, 03:46 PM Reply Like
  • Albertarocks
    , contributor
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    I'm starting to think Merkel is laying a groundwork of reasons to get out of the union and save Germany's hide. Surely she must know that the things she keeps saying are only damaging any chance of a recovery for the Euro? It's either something like that or, as Bo (or is the first name Peng?) says, she's officially gone mad.
    9 Jun 2010, 01:22 PM Reply Like
  • Michael Clark
    , contributor
    Comments (11578) | Send Message
     
    Merkel has very few options. If she wants to survive politically, she has to torpedo the insane, mass-giveaway to Greece, Spain, Portugal, Italy, France.

     

    If she wants some kind of EU honor society legacy, she can press on and take the bullet for the cause.

     

    Germany can't go along with this madness -- even though, to not go along with the madness is a different sort of madness too. This is the rock meeting the hard place I guess.
    9 Jun 2010, 01:35 PM Reply Like
  • Bo Peng
    , contributor
    Comments (475) | Send Message
     
    Author’s reply » Thanks, Michael.

     

    Alberta -- good point. It's equally plausible for Germany to abandon EMU as for PIIGS getting kicked out, when the pain hits.
    9 Jun 2010, 01:30 PM Reply Like
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