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Stiglitz: Soros 'Being Generous' on the EU...

 
AmericanJedi
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User ID: 1503533
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06/07/2012 12:20 PM
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Stiglitz: Soros 'Being Generous' on the EU...
[link to finance.yahoo.com]


Three months does not seem like a long time but Soros is "being generous," says Columbia Professor and Nobel laureate Joseph Stiglitz. "They don't get how acute the crisis is," he says of EU policymakers. "They don't understand the dynamics of market forces."
Take the European Central Bank, for example. On Wednesday, the ECB declared it was "ready to act" but took no actual action to address the crisis, which has clearly infected Spain. The day before the ECB stood pat, Spain's Treasury Minister Cristobal Montoro essentially said his country was at risk of being shut out of the capital markets.


"Reality isn't father knows best anymore, it's a kick in the face on a Saturday night with a steel toe grip kodiak work boot and a trip to the hospital bloodied and bashed." The Cable Guy


Listen to the man, this little calm before the storm is the time to make last minute preparations. The World Markets won't make it until August.

Bernanke held off because there is no more money.
(GLP aka American Jedi)

Listen here you beautiful bitch, I'm about to fuck you up with some truth.
Kenny Powers

If you steal the dreams of others long enough, sooner or later you'll end up in a nightmare.
American Jedi

Intellectuals solve problems, geniuses prevent them.
Albert Einstein

Satis Eloquentiae, Sapientiae Parum....

"The last of the old?"

"No, the first of the new."
AmericanJedi (OP)

User ID: 1503533
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06/07/2012 12:27 PM
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Re: Stiglitz: Soros 'Being Generous' on the EU...
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Skillet slap
(GLP aka American Jedi)

Listen here you beautiful bitch, I'm about to fuck you up with some truth.
Kenny Powers

If you steal the dreams of others long enough, sooner or later you'll end up in a nightmare.
American Jedi

Intellectuals solve problems, geniuses prevent them.
Albert Einstein

Satis Eloquentiae, Sapientiae Parum....

"The last of the old?"

"No, the first of the new."

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