The folks in Greece will be paying through their Drachmas, for the next thirty years, as their Bonds crashed today.
Consider:
Bank of Montreal's Sherry Cooper wondered aloud last week whether we'll all look back at this some day and "see this as a period of global economic mismanagement of historical proportions." Only time will tell of course, but I'm sure BMO's chief economist is right
Austria and Italy cancelled a bond auction.
Bond Vigilantes are mounted up and are heading to Washington.
What the heck is going on with the US? (* Impeach Obama?)
Will the World Reserve Currency, the US Dollar, lose that role?
So many questions, and so many answers about to come to the fore.
What a day! Gold and Silver could go to the moon.
Rick Rule (* a genius) - expects good Jr Companies in gold and silver might be takeover targets.
We shall see.
Consider:
Bank of Montreal's Sherry Cooper wondered aloud last week whether we'll all look back at this some day and "see this as a period of global economic mismanagement of historical proportions." Only time will tell of course, but I'm sure BMO's chief economist is right
Austria and Italy cancelled a bond auction.
Bond Vigilantes are mounted up and are heading to Washington.
What the heck is going on with the US? (* Impeach Obama?)
Will the World Reserve Currency, the US Dollar, lose that role?
So many questions, and so many answers about to come to the fore.
What a day! Gold and Silver could go to the moon.
Rick Rule (* a genius) - expects good Jr Companies in gold and silver might be takeover targets.
We shall see.
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