G-8 at Camp David. Discussions on the veranda in the cool of the evening. Few kind words are
spoken. Geithner set to take Wolfie Schaueble on a madcap wheel chair ride through the woods.
Merkel sees but perfunctory Pepsodent smiles from Obama. Hollande does not care for the food.
Cameron thinks wistfully of Ms. Brooks -- what a tigress!
But, the EU markets are oversold and sitting at or near tradable support. Since austerity is only
for people who can truly afford it, It is time to start to lay out a road map for how the EU might
recover and grow and offer folks something more positive than sequential bank runs as one
domino falls after another.
Time for Angie to cut her bad boys some slack...
Chart: IEV Euro 350 ans $XEU
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!