Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Friday, September 16, 2011

Finally


The European pollies continue to dither, but the key central banks are taking action.  Finally.

Stephanie Flanders has a thoughtful blog post about the whole mess here.

I still think Greece will effectively default.  Its burdens are too great now.  But .... it's just possible that the default will be orderly.

Interesting times.  I took some money off the table a few days ago, despairing that the Europeans would get their actions together.  The outlook today is brighter.  Somewhat.

No comments:

Post a Comment