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Bullets, Beans


Monday 12 December 2011

Markets will now takeover and finish off the eurozone, time to exit equities!

So the politicians of the eurozone have blown it. Their summit this week came up with nothing more than an affirmation of previous decisions and very little in the way of extra funding. Without this new funding the eurozone banking system will be toast within weeks and certainly a couple of months.

British Prime Minister David Cameron opted out of a new treaty, breaking the consensus of the 27-nation European Union. He is like the lucky guy who gave up his ticket for the Titanic at the last moment. This will not save the UK from the consequences of the failure of the eurozone banking system but it will help mitigate the implosion....more

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