“And as we kick this can down the road,
I ask our foreign friends to continue
to lend us as they have for so long,
–blindly and unstintingly,
not just for their sake but for ours.”
>
via Grants
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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January 20th, 2009 at 8:52 am
Uncertain whether irony is the proper term, yet one has to recognize that so much hope is being placed in one individual, a new refreshing leader for the largest democracy on the planet, but yet at a time when that democracy is so much dependent for its financial backbone of deficit financing on a communist country. What a twist. How I wish today could’ve happened 8 years earlier.
January 20th, 2009 at 8:58 am
Also asking not so friendly countries to lend to us too…
January 20th, 2009 at 9:13 am
OT?
RBS reports largest UK corporate loss ever:
http://news.bbc.co.uk/2/hi/business/7839391.stm
Wasn’t RBS considered one of the more “stable” banks?
January 20th, 2009 at 9:38 am
That’s a great cartoon.
January 20th, 2009 at 10:00 am
A sidenote comment on inauguration. For what his day means for us all, irrespective of nationality, it’s a huge step towards tearing down the walls of discrimination. This is a day the world has long waited for. I pray he has the wisdom to see through this mess and that we sustain this momentum.
January 20th, 2009 at 11:39 am
Jim Grant’s archives of Hank Blaustein’s cartoons are fascinating sketches into the tenor of the times.
Going back through them, year by year, shows an an incredible grasp of the situation that was spot-on (and uproariously funny).
http://www.grantspub.com/cartoonbank/
January 20th, 2009 at 2:25 pm
so true . . .
January 20th, 2009 at 3:21 pm
nice. succinct……sometimes i wish the world ran on truth thisaway.
Barry O will occupy the chair during a period of GREAT change….and though i hold little faith in his (& his dubious advisors) announced economic policies, i will attempt to be optimistic for the sake of my children that it is “change” (painful though it may be) and not the “end” that is to come.