Once the European debt crisis is resolved one way or another the focus will shift to the UK and the US.
California announced Thursday it’s deficit is 10% higher than anticipated. There are 45 US states in the exact same situation as the Southern Euro nations.
MOPE can only forestall the inevitable for so long.
Finnish foreign minister says “We have to face openly the possibility of a euro-break up”…
but Finnish Europe minister insists Finland is “100% committed to the euro“
Paul Donovan, managing director of global economics at UBS, says:
Finland’s foreign minister suggests the euro area should prepare for break up – at least, that would be the sensationalist interpretation of his remarks. What he actually said is that it is sensible to plan for every contingency. It does however imply that Finland has not yet planned for this particular contingency.
It is Friday and there are few data releases to contend with. As such, it seems fertile ground for market speculation on random topics. Today’s favoured topic would appear to be Spain and EFSF assistance – though with Spanish two year yields resolutely below 4%, the need for assistance is not pressing.
US Michigan consumer confidence data is due [at 1.30pm BST], and forecast to weaken. One problem with sentiment data is whether it reflects what people feel, or what people think they should feel when the media keep telling them how awful everything is.
Generally this week’s US economic data has continued to provide a mixed picture of the economy. There are signs of some modest economic improvement in some areas (labour markets, housing) but some moderation elsewhere. It is not really a backdrop that suggests the Fed will rush to do quantitative policy.
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Hi, im from Finland! This is actually false information. These are the words from Timo Soini not Erkki Tuomioja.
They have mixed them. Timo Soini is in Finnish antiEuro politician, like Nigel Farage
Nice to hear from you SSm. Hope all is well in the great country of Finland.
Please tell us you’ve been stacking like my brothers and sisters here on this site??
Im stacking and im all in. Awakening is happening in my country too.
Global revolution!!!
VIVA the revolution!
If I recall my history Finland gave a huge F*** Off to both Hitler and Stalin. Now that Dame Dracmercula is back from her vacation do you think she will send the Wehrmach back over the hill? Or are the Finns stacked, racked, packed and ready?
“California announced Thursday it’s deficit is 10% higher than anticipated.”
LOL! As if anyone could trust the morons running that state to even be sufficiently competent to know this. My life-long experience with the political class is that they ALWAYS underestimate the costs of their programs while over-estimating the benefits from them. If they say that they have a 10% deficit, add a zero. If they say that something will cost us $100M, add a zero to that figure as well. You will then be MUCH closer to the truth of the situation.
“Or are the Finns stacked, racked, packed and ready?”
The Finns are a right plucky group. They have had a “don’t tread on us” philosophy for centuries. They are terrific winter / mountain fighters as well. The Russkies found this out for sure. Like Switzerland, they are a small country located next to larger and more aggressive neighbors. Their only real choice is to be tough and ready. I would be VERY surprised if they were not rocked, stocked, cocked, and locked for bear.
Dame Dracmercula, lmao! The Finns went through a currency crisis not so long ago. I doubt they will want to go though hell again when the problem isn’t even of their own making.
People are waking up to the lies of our government. They are getting angry and worried but so many here are still asleep and clueless whats going on.
By the way did you know Russia started the war against Finns with a falseflag “shelling of mainila”
The range of Finnish Artillery was way to small to hit there.
http://en.wikipedia.org/wiki/Shelling_of_Mainila
I think it is the same everywhere. When it comes to gov. especially in quote “democracies”. we want to believe that the gov. has our best interests at heart when they make laws or make war. We want to believe our gov. is the “good guy” and is only trying do the right thing. Its a shock to wake up “and usually takes a shock to wake up” and realize that there are no good guys! They are all corrupt.
“By the way did you know Russia started the war against Finns with a false flag…?”.
No, I did not know that but it does not surprise me a bit. I do know that the Nazis used a false flag event to start the war with Poland. A bunch of Nazis, dressed in stolen Polish uniforms, attacked a small German town just across the border from Poland. After shooting up the place, they withdrew into Poland, circled around, and re-entered Germany. They shed their uniforms and were back at their base in time to start the invasion of Poland. I can just see the Poles during all this. It must have been one of the great WTF moments in history.