So MF Global is gone, Greece is now past bankrupt and on to stay in the Euro or not and Italy looks like it's losing as it's 10 year bond yield went past %6, Greek one year now into the %200+. The difference is this time unemployment is at %9 not %5 and we have inflation instead of deflation, and the Fed rate is already basically 0, so what's the next move? Public works, money drops? Feds seems out of moves so Congres might start trying but with the Super Committee to cut budgets who know, and really who names this stuff? Super really.
No comments:
Post a Comment