Monday, August 15, 2011

Who Owns Euro Debt?

Well, probably a bunch of private folks in Europe. And a bunch of banks in Europe.

Maybe lots of banks everywhere. Maybe a few folks everywhere.

Next time you see a banker on TV telling you everything is "OK" you should be thinking why that banker is on TV in the first place.

Think and win.

Euro Diplomacy from Germany and France on Tuesday in Europe

Results as stated ahead of time:

1. Very productive
2. Will work hard for a resolution
3. Another meeting in 2-4 weeks

Meanwhile, banks will sell as much bad debt as possible to anyone who is a big enough sucker to buy it.

Think before you act.