Saturday, 1 October 2011

The Wheels Are Falling Off The Eurozone Bus

'It was just a few days ago that Alessio Rastani stunned the world when he told the BBC that everyone in the world will lose everything within 12 months. He also said governments were stupid and run nothing. Goldman Sachs runs the world. He became an overnight YouTube sensation.

Then I heard of massive short position bets that the S and P Stock Index will tank by October 20th. Are bets this size indicative of insider knowledge sort of like the CIA and the Israelis shorting two airlines stocks just before 911?

And on the same day I read this: the head of UniCredit global securities, and former Chairman of the Hungarian stock exchange, Attila Szalay-Berzeviczy, said the euro is beyond dead. The imminent Greek default will cause a 10.0 magnitude economic earthquake and welcome to the Apocalypse though that last phrase was translated from the Hungarian by a native speaker of Bulgarian.'

Read more: The Wheels Are Falling Off The Eurozone Bus