Latest Euroflop Creates Opportunities for the US
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  • Mike M.

    MF Global Holdings Ltd., which was heavily invested in European debt, has just filed for bankruptcy protection. This is bad news.

  • gooch mango

    “In Europe as in the US, the best and the brightest of the postwar generation have largely failed at governance.”

    Bingo! Unfortunately, those most in need of understanding this are the least likely to accept it. The elites of the West believe to their cores that they are the good, that they are the enlightened, that they are making the world a better place.

    They are failing, and only the unending supply of credit has kept the illusion of success alive… but that well has run dry.

  • Corlyss

    I’m not against hope. In moderation it’s a good thing to have. However, it’s not an investable strategy. I’m wonderin’ how to reconcile these two thoughts:

    “In Europe as in the US, the best and the brightest of the postwar generation have largely failed at governance.”

    and

    “The Europeans are giving us some time; if we put our long term budget picture into sound shape, the US and the dollar will have strengthened their reputations while the Europeans have undermined theirs.”

    The bulk of the f’d up postwar generation making decisions on the world’s behalf have been working here in the US.

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