Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, March 26, 2009

EU... run by a madman

Speaking in the European Parliament, a mentally unbalanced Topalanek accuses Obama of going down the road to hell.

He said the attempt to borrow trillions would pave the road to hell. (While conservative economists inside and outside the US may agree with that view, it is nevertheless a different matter for the acting president of the EU to make such a statement, as one would expect it to reflect official EU position, which it is not.)

I've been liking this to how FUCKING CRAZY all the republicans and market participants are... It's one thing to be contrarian in a market view... but the market view isn't contrarian to the market, it's just contrarian to economists, who arn't market participants... so where is the Crowded trade?

Let us also chalk some of this up to primafacia understanding of economics.... "spending money is bad"(breath through mouth heavily).

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