That was my point. It took 2-3 generations for prior US immigration to achieve integration. You could break all the borders in EU today and maybe in 60-80 years, it would be more difficult to find French speaking French and Germans speaking German.
"Wouldnt that be like jumping off one sinking ship onto another?"
No....like jumping off a sinking ship in a raging storm into a life boat....chances are you will still get die, but better to delay and hope for a miracle.
Ricard....your got it right !!!!! Not just funds selling financials, now we have everyone affected by the EU situation selling ANYTHING they can get their hands on to raise cash. Word is that gold is being sold over and over again; lent over and over again. When this breaks, the breakage will be catastrophic. "Pity the po fools" who are in the chain seeking title for their gold and physical delivery.
Avon Products (AVP) gains 5.3% AH after announcing it will split its Chairman and CEO roles. Andrea Jung, who currently holds both titles, will be named Executive Chairman, and the company will "undertake an external search" to find a new CEO. Avon shares have been battered this year by weak earnings and an SEC probe, with the decline leading some to view it as an acquisition target. [View news story]
SEC Probe.....what are they doing about MF Global and Corzine???
Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens. [View news story]
So.....how's that contractionary austerity program working for ya.
"Spain’s Santander has sold a stake in its Chilean subsidiary, scheduled a group placement of holdings in the Brazilian subsidiary, and announced a deal to sell 95% of its unlisted Colombian subsidiary. The family jewels are being sold."
The Banksters use debt to force people, companies and countries to sell their respective fmaily/crown jewels. For a good read, check, "Confessions of an Economic Hitman."
Tempo, I certainly see no evidence that Europe will settle it's unsustainable debt problems. Under current contractionary circumstances almost all over the world, how does this get better?
Preparing For Eurogeddon [View article]
European Banks Need Tons Of Money [View article]
Mike...you know that and I know that, but they either don't know that or there is something else going on. I believe the latter.
European Banks Need Tons Of Money [View article]
European Banks Need Tons Of Money [View article]
Explaining Gold's Manic Monday [View article]
Explaining Gold's Manic Monday [View article]
Explaining Gold's Manic Monday [View article]
No....like jumping off a sinking ship in a raging storm into a life boat....chances are you will still get die, but better to delay and hope for a miracle.
Explaining Gold's Manic Monday [View article]
Avon Products (AVP) gains 5.3% AH after announcing it will split its Chairman and CEO roles. Andrea Jung, who currently holds both titles, will be named Executive Chairman, and the company will "undertake an external search" to find a new CEO. Avon shares have been battered this year by weak earnings and an SEC probe, with the decline leading some to view it as an acquisition target. [View news story]
Austerity Continues To Fail Greece [View article]
http://seekingalpha.co...
Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens. [View news story]
European Banks Need Tons Of Money [View article]
The Banksters use debt to force people, companies and countries to sell their respective fmaily/crown jewels. For a good read, check, "Confessions of an Economic Hitman."
It's Time To Sell Gold (At Least For Now) [View article]
Explaining Gold's Manic Monday [View article]
Explaining Gold's Manic Monday [View article]