Tuesday, January 15, 2008

Europe2020


http://www.europe2020.org/spip.php?article515&lang=en
This maybe the point where people begin to get it.
The financial problems are of a enormous magnitude and apparently
indefinable regarding timeline or parameters.

What's happening with Countrywide or Citigroup are symptoms that are now
(still) coming to the surface. The causes are far deeper and far more
significant. And of course all of this has been revealed to the insiders
some time ago. But since we like to be spoon feed here is the portion for
today.
Try derivatives (which Buffet called: sewage) if a name is needed and try
and find an analysis as to when these will be under control. I don't believe
there is one because they will eventually take the financial system out.
Is everyone going to be losers? The world money controllers will come out on
top as for them this will seen as consolidation.

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