You know when you have lost an extra 2Billion Dollars and your year to date share price is still positive you are living in surreal world.
I am quite sure that the CEO of JP Morgan is secretly smiling all things considered.
Meanwhile the US Dow Jones stock market is similarly delusional. Did things get this much better from 2009 to 2012. It is a disgrace.
But meanwhile in Europe:
The Greeks are busy lighting a flame
They continue to look for large Trenches of European Bailout Cash in all directions
The Germans are not happy
The British think the Germans are non happy
The British and the Polish congratulate themself on being very lucky B*stards. We didn't join the Euro. Lucky.
Meanwhile, the Swiss, well come on, were never going to give up the Franc for somebody else's currency, were they!
Leaving the remainder of fatcat Europe under a great delusion that their intense suffering (??) must be wrong and that instead they can spend their way out of a defecit.
2 facts that my financial grandmother always taught me
- You cannot spend your way out of a recession
- A country needs to be able to control its' own money supply
You ain't seen nothing yet (BTO) ... sing along now