Monday, May 16, 2011

America runs out of money

American Jobs © fintag

News comments:
So the Greek people are no longer paying on the buses and trains and anarchy is setting in. Not that we get to hear much about it. In Germany they are still complaining about their unification tax and are talking about the new Greek tax. In return they are looking to turning Crete et al into a German holiday country and it looks like non Germans who visit Greece will have to pay an entry fee.

The Sofitel crisis is nothing compared to the US maxing out on its credit card.

Not good. Not good at all.

Today's shorts:
MBNA says no (telegraph)

Today's longs:
Hedge funds are a young persons game (efinancialnews)

Europe offers to bail out the USA.


Leonardo said...

agree with you. DSK is a distraction

B.U said...

Here is another proof that the financial crises reaches everyone, I'm not even imagining...If an American was going to London, he will probably be shock by the huge amount of the price. In fact when you convert Dollars into Pounds, that's tough! It almost take them half of their amount...
I guess I should be lucky i have €uros!