November 1, 2011

Pearls of expression – VIII.

Now that Germany and France rolled out the latest provisional miracle rescue of their countries' banks, jubilation reigned in the stock markets and the OECD economy is presumably back to turbo hyper warp speed.

Expect this spirit of euphoria to expire by mid-week. The bankers of the western world and their government helpers have seemingly never heard of unintended consequences, or maybe even consequences, period.
"Nowhere to Run, Nowhere to Hide." By James Howard Kunstler, Clusterfuck Nation, 10/31/11

2 comments:

Anonymous said...

"...expire by midweek", Hmmm, that might be an optomistic forcast. But the upside is that Corzine is likely to be doing a perp walk rather than being ensconced as the next Treasury secretary. And maybe Geithner will see that Treasury secretary to perp walk is just a lateral professional move. Indyjones

Col. B. Bunny said...

>> optomistic forcast <<

:-)

I like the idea of a perp walk for Geithner. Inflating the currency, recklessly or otherwise, is theft. Apparently, calling it QE is an absolute defense under our present sophisticated legal and political arrangements.