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. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.
The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Sunday, November 27, 2011
Method in her madness
Hamlet Act 2, scene 2, 193–206
[Quote via this site]
All along I (and most commentators) have been assuming that Angela Merkel's and the ECB's intransigence is because of a purblind stupidity. But what if, as The Age/Sydney Morning Herald journo Michael Pascoe plausibly argues, it's part of a plan.
Posted by Nikolaos at 11:02 AM