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I was thinking what good is it to make 100K when you have to pay 20K a year a child just to let him go to school. There are great differences in costs and salaries between countries but even between regions or cities! So in a way ones capital or income is very case by case bound really and...

They have a deficit worse then Greece so good news for the EU right...

Either Germany saves the day or we can all go back hating the Germans like before. A real win win isnt it.

You have no power here George the Gray!

There is no escaping this global event except perhaps in artificial mini states a la Switserland, Luxemburg or Singapore whose models are not implementable on a larger scale. For each continent be it America, Europe, Africa or Asia you could give 10 problems considered almost impossible to...

Lol look at the Euro... Next crisis probably is China calling on the US to get a grip on it's curreny once more... After which the Euro will drop again... and needs to be saved again... Lather, rinse, repeat. :)

Europe up 4%....Let's take it to +10% shall we...:)

Just a little fun fact about Dexia... In 2008 they got saved also by one of their biggest stockholders, a state entity... The entity borrowed from Dexia.... To buy Dexia Stock.... With their previous Dexia stock as collateral...:p This was forbidden in most of Europe (forbidden...

So Greece's stockmarket down 85%... Let's put all our money in a Greece ETF....:D

http://www.businessinsider.com/lakewood-new-jersey-homeless-tent-city-2011-9?op=1

If everyone is bankrupt no one is bankrupt.

Gold dropped 20% and Silver 40% from their all time highs so it made sense for the miners to retrace I guess, some a bit more then others. In general they have recovered nicely as well, also some more then others. On your assumption that they are a leveraged play on gold you are largely...

The French are masters in behind the scenes diplomacy and they always get what they want. The ECB will bow to French pressure you can take that to the bank.

You considered buying gold miners 20% to 40% higher then they are today...

A post I picked up elsewhere, thoughts always welcome. "There is now 440 Billion in the EFSF". At least everyone assumes there is. This money will only be there after bonds are issued and thats not going to well for the EFSF. How they can "leverage" that is a big question...

It's not socialism or capitalism that's just an ideologic discussion to keep the little ants busy. Before the crisis of 08 the US which is 5% of global population used 25% of the global oil suply. That should show anyone with a peanut as a brain how unsustainable it all was regardless of...

So the Euro needs to be saved.... Then why did the French secretary of economics said 1 year ago the Euro Dollar rate of today is killing the Eurozone's industry and recovery.... Go figure....

They do not believe this per se. I would rather think they believe the negative outcome of wrongly allocated resources would be less felt by the majority of the population if there were no intervention in contrast to propping everything up indefinitly untill the bubble has to pop and everyone...

Didnt Hugh Hendry say a Yen at these levels mean they are officially bankrupt and they would go nuclear.... Maybe he was early and it has to hit 50 or so for them to act.

Billions of USD and you can't even pay for your own protection... Urgh, why am I even trying...