Developing Affordable Housing Ecosystems World Wide
By:David A. Smith Our chief weapon is surprise … Merkozy: Nobody expects the European Commission! Our chief weapon is surprise. Surprise and fear. Fear and surprise. Our two weapons are fear and surprise and ruthless efficiency. <Pause> Our three weapons are fear, surprise, and ruthless efficiency and an almost fanatical devotion to the [...]
[Continued from yesterday's Part 1.] By:David A. Smith Yesterday we saw that Greece’s puppet masters appear to be compel private bondholders to take a severe loss but to exempt the European Central Bank from that selfsame loss, on the theory (though that’s not how the New York Times put it) of protecting one’s [...]
By:David A. Smith In the two months since I pronounced sentence on it (“The euro is over. Either that, or European democracy is“), the Eurozone has postponed disorderly default only through a series of progressively more contorted, dubious, and anti-democratic measures, of which the most recent was reported backwards by the New York [...]
[Continued from yesterday’s Part 1.] By: David A. Smith Yesterday’s post introduced, via the Economist, the latest gimcrackery intended to enable a collective delusion that Greece is not in default and will not go into default, with the reprehensible and irresponsible decision by the ECB not to adjudicate the structure on its own, but rather [...]
By: David A. Smith If I can allay your doubts, then surely I must at the same time quell my own worries. Mustn’t I? Looks good to us, your majesty As the Eurozone lurches toward its by-now-inescapable first sovereign default – that of Greece – we can expect ever-more-implausible scenarios thrown [...]
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