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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%4:00 PM EST
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To: TobagoJack who wrote (91825)6/23/2012 7:45:59 PM
From: carranza2  Read Replies (3) of 217570
 
We must keep things to their simplest essence.

Re Europe, too much debt, Greece owes Spain, who owes France, who owes Germany, who owes italy and Spain, etc., ad circular infinitum, too much money none can pay. no amount of bailouts can fix bad banks, bad bonds, bad currency, bad fiscal policy, bad bureaucracy, etc.

Piper must be paid.

Thus, short euro. Ridiculously overpriced at present.

Global contagion?

I think so.
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