inter lineas

inter lineas

Vom Westen nichts neues ...?

Zin en onzin, gebundeld

Rise & Slide

Current EventsPosted by grim(m)burger Thu, April 25, 2013 14:06:18

The WSJ asks: “How long can bonds from Europe's worst-off countries rally while their economies slide?”

Surely, this must be a rhetorical question!?

The answer is simple indeed: as long as the political class in Europe continues to re-assure and comfort investors by stating that any and all inherently speculative losses will be covered at the expense of the hordes of taxpayers at their disposal (including via seizing, impounding or confiscating any or all of their lifetime savings), this "gravity-defying" phenomenon will continue.

For them - our self-proclaimed democratic rulers - it is the sole way to be friends with all those financiers and sponsors that are essential for them to hang on to continuing political power and, of course, to cozy up with these brethren, enjoying life in the privileged caste.

No higher math is needed.

Grimbergen, 24 April 2013

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