Sunday, May 9, 2010

May 9, 2010: The Day when ....

"We now see herd behavior in the markets which are wolfpack behaviours & if we will not stop these packs they will tear the weaker countries apart" - Swedish finance minister Anders Borg, May 9, 2010.

It seems that both Europe & US have decided to separate the wolves from the philosopher financiers (see comparison with Plato's "philosopher kings").

Europe's "reply" to the speculators, this weekend, is of historic proportions. Will it be enough to contain the wolves, the Gollums and the zombies and separate them from the healthy parts of the global Financial system? We shall see.

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BRs
Nick

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