Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I read Zero Hedge and Karl Denninger (Market ticker), and the same can be read over there.

As I see it is a mix of: 1) Irresponsible lending should be punished (as much as borrowing) 2) The debt burden is so high that it is a mathematical certainty.

It seems that there is a substantial difference between being right-winger because one ruthlessly believes in merit/market (Karl Denninger) against being right-winger because you are in the pocket of the economic powers (or generally like to lick the a$$ of the powerful)

by cagatacos on Mon May 9th, 2011 at 05:04:43 PM EST
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