Thursday, November 18, 2010

Some Assembly Required Everything here is someone's opinion

We start off the day with "Some Assembly Required". Go there! Follow link!

examples:


“The real issue is: Will the euro stand under the current circumstances in Ireland? That's what the Irish government really has to focus attention on." Christine Legare, Fench Finance Minister

Program Note: The best mini-series of the season – When Irish Eyes Are Crying – continues to enthrall viewers from around the world. Will the government drink the Kool Aid? Will the Irish bend once more to the yoke of foreign masters? Can the Irish peasantry support both the government (with a deficit equal to 32% of GDP) and the banks and the euro? Will banks in England, the EU and the USA share in the pain? Will the EU/IMF demand control of Ireland's economy as the price of rescue? Is this a 'survival crisis' for the euro and the eurozone? Is Frau Merkel right, is everything at stake? “If the euro fails, then Europe will fail. And with it fails the idea of European values and unity." Something will give, if not here and now, then Portugal in a few months and Spain after that. Dominoes.


Tag Sales: Various indexes reporting on house price trends month to month, quarter to quarter, year to year, all show declines from 1.8% to 2.8%. The take-away number is that house prices are now off 29.2% from the peak and still falling. Housing starts are down 11.7% month to month.

No comments: