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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: Haim R. Branisteanu who wrote (93140)8/4/2012 8:08:46 AM
From: elmatador  Read Replies (1) of 217786
 
They know what Volcker did and they know the outcome: "if Spain and Italy have to pay too much to borrow money (say, because investors are losing confidence in the future of the euro), then those countries risk hitting an unsustainable cycle of doom. Their debts go up, which raises their borrowing costs further, which means their debts go up further… repeat until apocalypse."
washingtonpost.com

Paul Volcker sent interest rates to the stratosphere and sunk the developing countries starting with Mexico in 1982. They suffered.

Europeans know that if borrowing costs are not brought down they will be fleeced.
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