Saturday, December 24, 2011

Happy Christmas

The pathetic state of the global financial system was again on display this week. Stocks around the world go up when a major central bank pumps money into the financial system. They go down when the flow of money slows and when the intoxicating influence of the latest money injection wears off. Can anybody really take this seriously?
Comment:  2012 will be an interesting year, I guess, very much like the Chinese curse says.

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