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Sunday, August 21, 2011














Looking for some good market action this week, due to "The markets want to force us into doing certain things - and that we won't do," says Angela Merkel in an interview to be aired tonight. "Eurobonds are not the answer" to solving the current crisis ... "This is a hard and arduous path, which we will not be able to avoid by means of some magic bullet." and What you probably won't hear from the Chairman at Jackson Hole: "No, we'll not do QE3 because QE2 simply didn't work. It temporarily jacked up stock and food and energy prices, but it resulted in zero hiring, zero new business activity and zero real estate market amelioration."