The Euro Has Significant Problems - And
They're Likely to Worsen [View article]
This is just more of the same old 'Europe's crap, but the US is going to be out of it all soon' spin that's been doing the rounds since mid-summer. Both economies are crap. Neither is it clear to me that disunity is any worse an affliction than kleptocracy. The only thing that makes the USD look better than EUR is that behind the scenes our masters are pulling out all the rabbits they can find in the hat stop (IMHO, delay) a run on the USD; they need mouthpieces, and they've got one in this author.
The Euro Has Significant Problems - And They're Likely to Worsen [View article]
This is just more of the same old 'Europe's crap, but the US is going to be out of it all soon' spin that's been doing the rounds since mid-summer. Both economies are crap. Neither is it clear to me that disunity is any worse an affliction than kleptocracy. The only thing that makes the USD look better than EUR is that behind the scenes our masters are pulling out all the rabbits they can find in the hat stop (IMHO, delay) a run on the USD; they need mouthpieces, and they've got one in this author.