It is now official: EUROPE UNDER THE GUIDANCE OF THE TWO DEANS OF PSY-OPS HAVE A PLAN FOR RECAPITALIZING THE BANKS AND BOLSTERING THE EUROPEAN FINANCIAL SYSTEM. The world heaved a sigh of relief that the Sunday meeting in Berlin resulted in a PLAN. The intricacies of what the plan entails are a secret, but for today the markets reacted positively, grasping for any sense of hope. The world’s equity markets reacted as if EURO’s were being air dropped all over the continent. The BUNDS were sold as the reallocation trade sent money exiting the havens in search of risk and the possibility of higher returns … at least for a day.
Posts Tagged ‘U.S. dollar assets’
Notes From Underground: Sarkozy and Merkel Place Europe On Double Secret Probation
October 10, 2011Tags:Berlin, Bernanke, Bunds, China, David Cameron, Dexia, EFSF, Euro, Eurocrats, European Debt Crisis, Fannie Mae, Fed, Financial Times, Freddie Mac, Gold, Kuwait Investment Authority, liquidity, Merkel, Milton Friedman, Russia, Sarkozy, solvency, Sovereign Wealth Funds, Swiss Franc, U.S. dollar assets, UK
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