Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Thursday, September 15, 2011

It's Full Of Stupid


I was reading a post at Bonddad's blog about how the Euro was weak (surprise) and therefore prime to be shorted.  This will - in turn - weaken the Euro more, which will make those shorting the Euro a ton of money.

It will also destabilize the Euro-Zone at an inopportune time and lead to very real suffering among people who are already struggling.

Economics and fiscal markets are not governed by Rational Actors.  They are governed by sociopaths.

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