Holy Crap. Somebody at the ECB just told the truth. – Piggington's Econo-Almanac

This topic has 4 replies, 3 voices, and was last updated 12 years, 7 months ago by The-Shoveler.

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May 31, 2012 at 2:55 PM #19833

urbanrealtor
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Thank god somebody said it.

http://www.telegraph.co.uk/finance/financialcrisis/9304027/Eurozone-is-unsustainable-warns-Mario-Draghi.html

May 31, 2012 at 5:09 PM #744665

The-Shoveler
Participant

What they need is a bottomless bank account to draw whatever funds they deem necessary, oh were not talking about Sacramento. This is Europe,

Same thing I guess,

Markets should be interesting tomorrow.

May 31, 2012 at 5:26 PM #744667

The-Shoveler
Participant

Somehow I think that miraculous sources for funds will come out of nowhere just enough to keep it from collapsing without all those messy austerity strings, Oh were not talking about Sacramento, this is Europe again,

Same thing though.

On the Topic of Sacramento, they were actually counting on a lot funds from the FB IPO, so I wonder how that is working.

May 31, 2012 at 9:30 PM #744695

carlsbadworker
Participant

At the end of the day, the bottomless bank account only serves as a way for wealth transfer from savers to reckless speculators. I doubt how well that would end. Human doesn’t need more push for speculation … just ask FB investors.

June 1, 2012 at 8:53 AM #744732

The-Shoveler
Participant

Well I officially don’t feel bad anymore about sitting on the side lines this year.

Though really I would be much better off if the whole Ponzi D’oh!, I mean economy kept going.

Sorry wrong thread, but it still works.
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