It’s Probably Nothing – Small Dead Animals

JP Morgan warned clients that Italy has a thin margin of safety and risks running out of cash to cover spending as soon as September. “Italy and Spain will run out of cash in September and February respectively, if they lose access to funding markets,” said the bank’s fixed income team of Pavan Wadhwa and Gianluca Salford. Worries about Italy’s immediate cash level risks leading to “a self-fulfilling negative spiral.”

6 Replies to “It’s Probably Nothing”

It’s OK, the IMF and US Federal Reserve are working on changing the way math works for economics.
More Banks will be either folded/Grouped or be bailed out in the near future.
The only way a world depression will now occur is when people/industry stop spending…Oh wait…That’s already happening…Let me try again:
The only way a world depression will now occur is when Governments stop spending…
That`s how far we have come.
So, Goodbye yellow brick road…

And the holder of the office of president of the most powerful nation on earth thinks that borrowing 2 TRILLION dollars is a good down payment on the US national debt.
In the immortal words of Bugs Bunny after his initial encounter with Taz…. Doueeeiiiah!!!!!!

And people say the Bible is a story. Wait till someone comes on the scene with an answer to all the financial woes.
Those cute RFID’s look good on you.

Lets see $2,500,000,000,000.00, 311,000,000 people, amounts to over $8000 per man woman and child. about $25,000 per family.
I wonder if VISA would raise my borrowing limit by $25,000.00 if I was at my limit.

Hey if your defaulting on your car payments , just buy a big assed TV with sound system to get you out of trouble. Thats the economic thinking today.

According to this link the Greeks have a Bank Run underway. Stuff the mattress time. http://www.guardian.co.uk/world/2011/aug/01/greece-panic-change

6 Replies to “It’s Probably Nothing”

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