Holy Crap. Somebody at the ECB just told the truth.

[urbanrealtor]

Thank god somebody said it.

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

[The-Shoveler]

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.

[The-Shoveler]

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.

[carlsbadworker]

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.

[The-Shoveler]

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.

[Author]

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