The European Central Bank has decided to boost credit via quantitative easing, now that Q.E. has not worked in the U.S. The Swiss Franc shot up 30% at the news. And Germany balanced its budget for the first time since the 60’s.In Greece, Syriza, the lefty anti-austerity party,ran off with an election. So?
So the EU is proving itself a cage full of monkeys, Germany seems the only serious major country on earth at this moment and export-dependent, will prove that no good deed goes unpunished as its solvency won’t save it as its customers can no longer buy as they sink into poverty. If we’ve got that wrong, you may laugh at us in due course. For now, that’s our prediction.
We remain with those physicists who say that we can’t obtain something from nothing, though some quantum effects give us pause.
Greece is following its political Pied Piper out of EuroTown, Russia is following its own piper in pursuit of resurgent empire in Ukraine as its economy crumbles under sanctions and oil price collapse from anti-fracking Arabs while theU.S. President bleats of “recovery.”
What can possibly go wrong?