Not Much Different Over Here

The euro zone economy shrank for a record sixth consecutive quarter in the first three months of the year, according to data released Wednesday. But when European heads of state meet next week in Brussels, don’t look for any big announcements about plans to stimulate growth.


Europe, experts say, seems to be in policy paralysis. With Germany, the Continent’s economic heavyweight, in the grip of pre-election politicking, no big European policy moves are likely until after that country’s elections in September. Even then, it is not clear that anyone has any masterstrokes planned.

NOT LIKE ANYBODY IS SUFFERING OR ANYTHING.

Stock Market is rigged...!

Manipulators and speculators are driving up the market, and also commodity prices: oil is no way worth $96.80 a barrel in this fragile, limping economy! I expect a major drop in all indices, once the feces in Europe ripens.

Got this feeling that the big boys are trying to squeeze one more dollar out of the supposed recovery before it all caves in - wish I could see who's buying and storing foodstuffs.

SUPRISE: bankers don't want to lose money

Europe's tightrope walk above Greece default reaches center-rope between now and Oct. 23rd: big banks are resisting cutting Greek debt in a controlled fashion to avoid outright default and CDO chaos. German bankers are making noise about maybe not making as many loans if they lose too much on the deal. Either way this goes, Europe is facing another financial crisis and an almost guaranteed second recession.