Wednesday, May 12, 2010

Why So Many Europeans Gloated is Beyond Me

A gentle reminder to all of those comment authors who seemed to think the previously strong € was some sign of übermenschliche superiority: it ain’t in your genes, it’s in your jeans. Committing €920.500.000 buoyed economic confidence in Europe for exactly ONE business day.

And it’s largely a stimulus, by the way - not a bank backstop. The people screamed, and the ECB finally delivered: what they want is their nanny states funded beyond the means of the population’s ability or willingness to pay.
You don't get something for nothing
You can't have freedom for free
You won't get wise
With the sleep still in your eyes
No matter what your dreams might be

- Geddy Lee, market sage.

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