I plan on getting in a few mountain biking miles with my oldest and maybe some trail time practicing bushcraft like skills. There is PT in everything this time of year in the south. It becomes an endurance challenge for simple excursions – especially with little girls.
Look out for Greece & Spain before Sunday is out. It won’t be the end of the EU or Euro, but more of a weather vane of the next two quarters.
I had thought about commenting on yesterday’s amnesty announcement, and then I read this here at the Belmont Club via CA. Like CA says, the comments are indeed priceless. Though, this latest vote buying move may be for naught if Vox’s prediction comes true. I’m not sure if I buy that. There doesn’t seem to be enough momentum in the political sphere to accomplish something so drastic this close to the election. I do however, personally believe, that despite anything the republicans (in name only) throw out there, President Urkle will be reelected despite actual vote count…
“Time is running out fast. I think we have maybe a few months — it could be weeks, it could be days — before there is a material risk of a fundamentally unnecessary default by a country like Spain or Italy which would be a financial catastrophe dragging the European banking system and North America with it. So they have to act now.”
“The only two guns in town, one is only theoretical, and that is increasing the size of the EFSF to 3 trillion. It should happen but it can’t for political reasons. The other one, the only remaining share is the ECB. They may have to hold their noses while they do it, and if they don’t do it, it’s the end of the euro zone.”
Timmy wouldn’t have lied to everyone to prop the markets, would he? Oh yes he would, and yes, it appears he did.
Of course we’re hearing truth from the IMF, which in an interview I cited earlier today pointed out that we may be days or hours away from a full-on credit seizure, and Mervyn King who said similar things yesterday.