That's what the merchants call today.. because with all the sales, they hope to make enough sales by this part of the year that it will push their profit/loss ratio from the red into the black [ profit ] category.
It's now looking like Europe and the IMF have bailed out Ireland to about 85+ Billion Euros, and coming next is Portugal, then probably Spain, and England is cutting back on everything, and France looks like it could become unsustainable over the next 2 years. Germany will survive, but will have to finally cut the purse strings and will have to make the drowning man's choice...
Try to continue to save everyone else, or cut them loose and save yourself.
It's a tough, tough choice. Your heart sinks, as it is a very difficult choice on so many plains, views, avenues, .... Should I save my neighbor, and go down in poverty, or save myself, but watch them go down?
And how will that then effect the USA? And what about China when we [ probably ] default on our payments when the Tea Party puts the brakes on the spend and print money machine?
OK, so what's the solution? Everyone [ that means EVERYONE ] must tighten their belts... Europe, USA, Asia, Africa, Greenland, Antarctica ... everyone.
Good Luck, Earth... it's been good to know you.
For the kids?
Keep your money close. Keep your expenses low.
Prepare to move to anyplace more stable.
G-G Peterka got out of Austria in the 1880's,
G-G Mathieson got out of Norway in the 1880's.
The Irish kids are moving to LA and Australia.
Looks like its all starting over again.
- Depressingly Yours,
Chuck
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