[Marxism] Of Perhaps Some Small Interest
sartesian at earthlink.net
Wed Dec 1 09:20:01 MST 2010
I agree, but it's hard to figure a correct order in the "anarchy" of the
markets-- today the FT is reporting on the targeting of Spain and Italy.
But yes/no, the issue is the German banks with massive exposure, and which
are, as a writer in the FT put it about a month ago "technically insolvent."
So I think in fact this is a "run" on countries to make those who own the
private and sovereign debt of these "peripheral" countries WHOLE, rather
than have them risk a haircut when Sweeney Todd is the barber.
Six months from now..... geez you do take the long-term view, don't you?
----- Original Message -----
From: "Vladimiro Giacche'" <MD1101 at mclink.it>
To: <sartesian at earthlink.net>
Sent: Wednesday, December 01, 2010 9:02 AM
Subject: Re: [Marxism] Of Perhaps Some Small Interest
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