Saturday, November 26, 2011

GERMANY

I am not an economist but I do understand numbers. What happened earlier this week with the failure of the German Government Bond issue is very concerning.

If that government can't raise money on the open market then who can? Methinks the chances of the Euro-zone continuing as is have just gotten a whole lot worse.

And anyone who thinks the fallout from that would be limited to Europe has probably already paid a little boy to clean the chimney so that Santa won't get dirty.

1 comment:

The Realist said...

"Gotten"? "GOTTEN"? Bah!