The most incompetent administration in the history of the republic.

This is why you don't hire a pimp to do a president's job.


--- On Wed, 5/19/10, Virgil Bierschwale <vbier...@ktc.com> wrote:

> From: Virgil Bierschwale <vbier...@ktc.com>
> Subject: Re: [OT] Europes Mounting Debt Crisis
> To: "ProFox Email List" <profox@leafe.com>
> Date: Wednesday, May 19, 2010, 2:26 PM
> I hear u
> Unemployment is at 22 percent
> Presedentil candidates are talking secession
> Too many other things to type on this phone
> 
> But according to the tokyo rose propaganda group everything
> is great
> Sent from my BlackBerry® Smartphone by WCW
> 
> -----Original Message-----
> From: Michael Madigan <mmadi10...@yahoo.com>
> Date: Wed, 19 May 2010 11:21:49 
> To: ProFox Email List<profox@leafe.com>
> Subject: Re: [OT] Europes Mounting Debt Crisis
> 
> The foreclosure rate is staggering.  
> 
> --- On Wed, 5/19/10, Virgil Bierschwale <vbier...@ktc.com>
> wrote:
> 
> > From: Virgil Bierschwale <vbier...@ktc.com>
> > Subject: Re: [OT] Europes Mounting Debt Crisis
> > To: "ProFox Email List" <profox@leafe.com>
> > Date: Wednesday, May 19, 2010, 10:10 AM
> > Who is getting out
> > Lot of states and towns are broke
> > 
> > Worst is yet to come
> > Sent from my BlackBerry® Smartphone by WCW
> > 
> > -----Original Message-----
> > From: Ricardo Aráoz <ricar...@gmail.com>
> > Date: Wed, 19 May 2010 11:03:12 
> > To: ProFox Email List<profox@leafe.com>
> > Subject: Re: [OT] Europes Mounting Debt Crisis
> > 
> > Stephen Russell wrote:
> > > On Wed, May 19, 2010 at 8:11 AM, Nicholas Geti
> <ng...@optonline.net>
> > wrote:
> > >> Haven't heard much from the U.S. bashers on
> this
> > list about our financial woes. The 1 trillion to bail
> out
> > Greece is only going to last one month. Then they are
> back
> > in the tank. Their debit is now 120% of G.N.P.
> > >>
> > >> Here's back at them  http://tinyurl.com/2e8ht8q
> > >>
> > >> "In some ways European banks are worse than
> ours.
> > They're certainly less transparent," says our guest
> Chris
> > Whalen, managing director at Institutional Risk
> Analytics.
> > "It's a strange time. And I think it talks to the
> basic lack
> > of competitiveness, the lack of productivity really
> in
> > Europe. And you also have the same problem in the U.S.
> We
> > just have the flexibility of being able to print
> money."
> > >>
> > >> "For Europe, basically they have two
> options:
> > Individual countries can continue to borrow money
> until they
> > can't. Then they hit the wall," says fellow guest
> John
> > Mauldin, president of Millennium Wave Advisors and
> author of
> > the Thoughts from the Frontline e-letter. "Or they
> can
> > willingly throw themselves into a Depression by
> cutting
> > their deficits dramatically."
> > >>
> > >> "I think the euro's going to parity. The
> pound's
> > going to parity," Mauldin says. "And we're going to
> see the
> > yen go to $100, then $125, then $150. Pretty soon
> we'll get
> > a bid for $200 and $250," which will have huge
> implications
> > for global trade.
> > > ------------------
> > > 
> > > But will China adjust the yuan so you can keep
> buying
> > more crap?
> > > 
> > > If I had the time this summer I would totally
> consider
> > a trip to
> > > Europe.  Euro could be <  USD and that is
> > why I woudl do it now.  But
> > > I have to get my mom's house ready for sale. 
> :(
> > > 
> > 
> > And that may be a problem for you Yanks. It seems
> your
> > economy is 
> > starting to get out of the mess it was in (big debt
> though,
> > internal and 
> > external), and it would seem Europe is in for a rough
> ride,
> > not only 
> > Greece but Spain is in some trouble now. Problem with
> this
> > is that 
> > Germany was pressing to keep Euro up (they've been
> buying
> > companies 
> > abroad and high Euro favours them) but that will be
> > probably impossible 
> > now, so Euro will go down. That makes Europe more
> > competitive in the 
> > international market and makes the USD less
> competitive by
> > comparison. 
> > Stephen's reaction might be an example, USD flowing
> to
> > Europe. How will 
> > this impact on your recovering economy I have no
> clue.
> > BTW, now that you are getting out I don't seem to
> hear
> > Obama's critics 
> > anymore (at least on economic grounds). Plus ca
> change,
> > plus la meme chose.
> > 
> > 
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