Saturday, October 1, 2011

Fool me once...fool me twice...: Markets Struggle to Price Uncertainty - Barrons.com

Markets Struggle to Price Uncertainty - Barrons.com

Let's see:

> The regulators snookered the banks into taking on Sovereign paper instead of keeping cash, gold or making loans to entrepreneurs.

> There isn't much of any growth - especially in the heavily socialized and unionized Southern parts of Europe.

> So all these countries talk about a 'growth agenda' (ostensibly so people won't concentrate on the terrible state they are in or their anti-investment, anti-growth polices; and, then, to top it off, they raise taxes.

Isn't this sort of like "fool me once...fool me twice..."?

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