A Structurally Sick Economy:
"Not much happened in the financial markets overnight. Europe was in the red on renewed concerns over the health of the peripheral nations of Portugal, Spain and Greece. The US backed off a little as everyone awaits ‘the man’ tomorrow, the US dollar was weak and gold was up a little bit…but still below the important US$1,300 threshold.
In short, nothing to see here.
But two data points did catch our eye and go some way towards explaining just what is going on in the world at the moment. They represent an ideological battle of sorts…Keynes versus Hayek, hard money versus soft."
'via Blog this'
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