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And you attribute that to Japanese government spending? Or to a global bull market in equities during 2003-2007? Japanese stocks are still down 75% over the last 20 years. Real estate and land prices are back at 1980s levels. Trillions in government spending couldn't change that. Had you...

By your account the smart Greek farmers appear to be twice as rich as the average German. German average household net worth is "only" EUR 140,000 EUR, with 65% in real estate and 35% in liquid instruments. The Germans in turn have a trade surplus vs. Greeks deficit, a highly skilled labor...

Hilarious. Speaks volumes about their uncontrolled shadow economy.

Take a look at Japanese government spending 1990-2010 and the performance of their risky assets (equities, land, real estate) during the same period. Why don't the hyperinflation bloggers ever put those charts up? Because it doesn't support their central thesis. Skyrocketing government...

Did you know that more Porsche Cayenne's were registered in Romania than in any other country in the world in 2008? Didn't do them much good over the last two years. And now a bunch of Greeks buying Ferraris is a sign of economic health and prosperity? I wouldn't be surprised if the "number of...

What does Greece resemble more closely in term of socio-economic progress? UK? Or Albania? There you have your answer. Greece is decades away of even coming close to the UK in infrastructure, education facilities, health care, industry, services. Do I need to go on? BTW: Did you look at...

Walk through the streets of a typical British city, then walk through the streets of a Greek city. The differences in economic and social progress are shocking to say the least. Going to Greece is like taking a time machine back to the 1950s. Goats in the streets, children with bare feet...

Terrible. Wait for Belgian chocolate and German bratwurst to spike 500%. Should bring about blood in the streets :cool:

I wonder how the Euro Zone will cope with all the looming hyperinflation this EUR crash will bring about?

What ever happened to that guy here on ET who pounded his chest over how he exchanged his entire USD based futures trading account to EUR when it was trading at 1.50. "The USD is toast, I recommend everyone here to head for the safety of the EUR" Famous last words.

Flees dollar? Did anybody read the article at all, I guess not. Reading comprehension 101. They exchange risky USD assets for lower risk USD assets. How is this USD dumping?

Wow I am going to miss the 1988 style interface design we got so used to. All kidding aside, the new design looks great. Will definitely give the beta a try.

Watch for NYT to appear on GS "conviction sell list" soon :cool:

Is that all the USD bears can come up with now? Crying about real wages and a CHF chart? Hilarious.

The UK government's debt is in what currency?

The Greek or Spanish don't have Drachma or Peseta anymore that they could print. And the Bundesbank... opps I mean ECB ... won't print them any Euro. The Brits still have their Pound Sterling printing presses. A luxury in times of need.

With that kind of lockup it doesn't matter if gold rises, Paulson will likely come out with a profit just on the annual fees :cool:

Covered short at a loss and went long LB just this week. Let's see if this pig has legs.

The question assumes governments always are fully in control of stock markets and can inflate them at will, purely at the push of a button. If that were the case why is the Nikkei 20 years after it peaked out still 75% below its peak?

I don't see any foreclosures happening in Spain at all, and I spend some considerable time down there. Who's on the hook for all these "luxury" projects that now grind to a stand still? If you take a drive up the coast from Malaga to Alicante (Read: The Brits' favorite strip) there are literally...