That's not directed at any members, just a play on the Clinton campaign. An Alternative title was "Sell the news?"
If you don't know what happened over night, 'll try to bring you up to speed, but it all revolves around the EU agreeing to a 50% bond holder haircut fro Greece, when the math is actually done, it comes out to 28%. I'll explain that in a minute as I have been reading for hours and a lot of people just got screwed royally and very unfairly.
The most important thing one must realize about this entire mess is that it is a "PLAN" or a road map in almost all senses, very different from what we in America face when the "FAD" takes a policy action, that is an action, this is not an action, but a plan.
Th EFSF WAS NOT leveraged up to $1 trillion plus dollars, that's the plan, how that is achieved was one of the many details left out because they still don't know. China maybe? The US taxpayer? They simply don't know. I'll do my best to fill you in, but it is essential that you clear your mind of the head lines and find out the real information, there is a huge difference between an action like winning a boxing match and a plan (like everyone has a fight plan in a boxing match until they are hit with the first punch".
I'll be bringing you details in bits and pieces so they are easier to understand as this is a very convoluted and confusing 4 am announcement that was very short in length and on details and there's a reason for that.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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