This Recession Will Be Anything but Deep [View article]
I enjoyed and had a good laugh... be bubbly. Peng is a genius... it is true; today real estate firms in Spain were finalizing debt restructurings. No more debt problems... be bubbly. We will choke in these exhilarating moments.
Monetary authorities in Europe, whatever our ideas, have not done so bad with a single central bank and multiple governements. At least they have not originated this mess created by a Central Bank and a SINGLE government. As for the future who knows, perhaps the world will forget and the dollar can recover a little of the total lost of credibility. Funny that at 1,35 to the Euro people talk of the strenght of the dollar.
This Recession Will Be Anything but Deep [View article]
This Recession Will Be Anything but Deep [View article]
The Euro Shows Its Real Colors [View article]