Lsbcal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Europe is still a worry.
I found this Business Week article to be very readable and informative:Europe's Three-Year Medicine Is Already Wearing Off - Businessweek
I found this Business Week article to be very readable and informative:Europe's Three-Year Medicine Is Already Wearing Off - Businessweek
FWIW our investments in internationals have been moved to US since last fall. Not based on my own views but rather just equity trend analysis -- moving international portion to US based on relative returns.That’s the problem with trying to fix a solvency problem with liquidity—it doesn’t last. To put it in terms more familiar to a homeowner, it’s like borrowing more money to tide you over when the real problem is you don’t have a job.
...
Spanish banks used the ECB loans to buy the Spanish sovereign debt in each new auction. When there’s no new money, Spain cannot finance Spain.