EuroBonds: All eyes continue to be on Europe. What are the odds of the proposal to issue Eruobonds passing? If passed, do these have a snowball’s chance of helping the situation? 
In this week’s Off the Cuff with Mish & Chris podcast, Chris and Mish focus on:
EuroBonds: All eyes continue to be on Europe. What are the odds of the proposal to issue Eruobonds passing? If passed, do these have a snowball’s chance of helping the situation?- Jobs: The situation looks uglier and uglier. Is the new deal proposed by the Admisinstration a step in the right direction?
- QE3: For those who see Ben Bernanke announcing another round of quantitative easing on September 21 as a fait accompli, how should they position themselves beforehand?
The Eurozone looks likely to break up, but per usual, central planning leaders are fighting the inevitable and expending heroic measures to prevent the banks and large investors from having to face up to the losses they are on the hook for.
Meanwhile, it looks like the “jobs” efforts in the US are more aligned to boost corporate profits than to create actual jobs. All while real wages have dropped back down to 1989 levels. Quite simply, the governement is paying way too much for way too little return on these stimulus measures.
The concerning truth is that we’re getting less and less bang for the bucks our leadership continues to spend. Why? They are refusing to acknowledge that the ‘normalcy’ they are trying to get back to was unsustainable and isn’t possible in a world of too much debt and too expensive energy.
by mjvoet