Posted on 05/10/2010 2:15:34 AM PDT by The Raven
European stock markets pushed sharply higher Monday, while sovereign debt markets slumped, as market participants reacted to news of a hefty €750 billion ($955 billion) rescue package to stabilize the euro and prevent the Greek debt crisis from affecting other member countries.
(Excerpt) Read more at online.wsj.com ...
Wow. The Plunge Protection Team has gone worldwide. The Markets have lost any resemblence to Free Enterprise. This will not end well.
How do you say “Dead Cat Bounce” in Greek?
I’m just curious... what are they going to do if this don’t work, contagion has spread too far for too long and Greece still defaults, followed by Portugal and Spain?
can always count on the government to print money to bail out the banks. Looks like hyperinflation world wide is more likely than not
Everybody lends money to everybody else to fix the debt problem. Happy days are here again.
Add to that Iceland, UK, Latvia, Romania, Hungary, Michigan, California, New York, etc.
Are they all that stupid, or is this intentional, to bring in the new global, "Communitarian," system?
It is insane. I am really having a hard time mustering up the will to go to work today. I want to tune out and escape this madness.
Go to work? Didn’t get a bailout, didja?
Whoopee. Surgery delayed again.
Not saying the Greek bailout did not need to be done so as to allow the needed surgery to proceed in an orderly way. Unfortunately, however, people seem to take the pain medicine and then forget to do the underlying operation.
Something that won’t be very nice.
Wave the magic money wand and **POOF** all consequences for bad behavior magically disappear.
I am just losing my desire to participate in this insanity. I bet the stocks surge this morning as Obamabucks are injected and then plunge as people sell like mad.
So, everything is just GREAT now, right?
Sheesh. Who the hell are these financial "geniuses" anyway?
The debt problem is now even WORSE with the "bailouts."
Are these people all there.....mentally?
When, not if. It is impossible to put out a fire with petrol, which is what the wise people in the European governments are trying to do.
Isn’t it fun to watch a big bubble being blown up?
When all of the currency bubble bursts, it’s going to be a mess.
My prediction: within 5 years (more likely 2) we will be in a depression that makes that the 1930’s look like the Roaring 20’s.
Unfortunately, the “surgery” consists of implanting silicone enhancements, that is, to implant bubbles.
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