Greece_Primary_deficit_copy
I want everybody to reminisce and decide if we've heard this concerto play before - Bloomberg reports Europe Sees Debt Crisis Nearing End:
The euro area’s woes are “almost over” after a slow initial response by policy makers, Italian Prime Minister Mario Monti said in Tokyo today. German Chancellor Angela Merkel said yesterday that the crisis is ebbing and her country’s borrowing costs will probably rise as its status as a haven wanes.
Hey, I heard that song before! Exactly two years and 15 days ago - Greek Crisis Is Over, Region Safe”, Prodi Says – I say Liar, Liar, Pants on Fire! Darest anyone read this linked article and contrast its contents to recent history? Don't worry, we haven't even gotten to the punch line yet...
Bernanke, who cited “green shoots” of recovery in the U.S. in March 2009 only to see his nation’s jobless rate climb to 10 percent seven months later, said in remarks published yesterday “it’s far too early to declare victory.” The jobless rate remains too high and policy makers don’t rule out further options to boost growth, he said in a transcript of an interview with ABC News anchor Diane Sawyer provided by the network.
Remember these green shoot specials?
It's Official: The US Housing Downturn Has Resumed in Earnest Mar 1, 2010 – The year 2009 was the year of reflation theories and bubble blowing. Theses of "Green Shoots", catching the bottom, and QE reigning supreme ...
Green Shoots are Being Fertilized by Brown Turds
Currency Crisis! Inflation! Sovereign Defaults
At least Bernanke has learned his lesson this time around...
Bernanke’s comments contrasted with a series of declarations by Monti during a visit to Japan, with the Italian leader saying a solution to Greece’s
http://www.zerohedge.com/contributed/2012-13-28/credible-voices-out-europe-are-signaling-alls-clear?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 