The Phaserl


It’s Amazing What People In Europe Are Doing Just To Survive

from KingWorldNews:

Barron: “The situation in Europe is deteriorating. German economic numbers were released earlier this week and it really is getting scary in Europe as Germany plunges into recession. In fact, the numbers were so bad that traders took note and the DAX headed lower before recovering a bit. And things are obviously much worse in countries like Spain, Portugal, Italy, and Greece….

“Even though there has been a lot of money thrown at the Mediterranean countries, their economies are just not recovering. These countries appear to actually be headed right back into the abyss economically.

So what does this mean? Well, Draghi has said that he will do “whatever it takes” to improve the situation. But “whatever it takes” seams to be mostly just jawboning. There is nothing of substance behind the jawboning other than artificially low sovereign debt interest rates.

Keith Barron Continues @

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2 comments to It’s Amazing What People In Europe Are Doing Just To Survive

  • Sam

    There’s great news in this release where it is quoted that Draghi says he will do whatever it takes…someone, please, let him know then to leap from the edge of a very tall bldg 🙂

  • Angel

    Many Americans will do whatever it takes as well, as the oldest profession in the world is now expanding by leaps and bounds.

    We aren’t just talking about the usual street addicts and the like, but people who are considered well-to-do, living in upscale neighborhoods, people who seem to have it all.

    But for an increasing number of the “upper class”, this is all a facade, as debt now threatens to devour them, and they must think up “creative” ways to pay the bills.

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