Todays headline:
The real issue:
The US have taken another wrong turn with QE2 and are now headed the wrong way. They think everyone else is going the wrong way though. Delusional. :)
Anyway. The only thing that is going to get them to stop spending like complete jackasses is a nice brutal move on their treasuries.
As long as they can do what they're doing we'll see them continue. Investors round the world had better wake up to this colossal risk soon!
Ireland, Greece are in the headlines now. But they're NOTHING compared to the USA and UK.
The above is a fundamental view. As the USD is getting stronger one had better just ride it for the moment. M&A, IPOs are en vogue. Even though I think GM is going to be a terrible investment for those buying (even if they do have the VOLT?!), at least the US Gov can get out...
No comments:
Post a Comment