Gov Christie OUT - No 2012 Run

The New York Times: Reports that Governor Chris Christie of New Jersey has decided not to run for the 2012 Republican nomination. Thus before the expectation that Christie would run we are back to the fight between Governors Romney and Perry, in can be argued with some justification that Perry has blow his chances, the poor debates, the implication that he has a racial problem, the liberal Washington Post ran story that showed that the Perry family had rented a property with a rock outside that had the offensive N word splashed across. The offensive language has been painted over but when this was done has become a matter of much debate. Thus one can almost dismiss Perry as a serious candidate, one would expect Romney to still win the Republican nomination, he is a polished when it comes to debates, he comes from a liberal State, thus he can appeal beyond the Republican base, thus far no personal complications or others, like the one Perry has at the moment. Thus folks it could be President Romney in 2013.

Stock Markets TODAY and the Eurozone Crisis

Guardian Live: Reports that the FTSE - 100 in the UK fell by 2.6% today, while French and Germans Markets fell between 2% and 3%. Thus the EU Finance Ministers have pressed the delay switch for the next patch of Greek bailout, the markets are tanking, the French/Belgium Bank Dexia could go under, one has to wonder what other banks could be taken down, its misery every day on the Market folks, the Markets want stability, thus the grand plan of 2-3 trillion euros to bring stability to the economic system, the building up of European banks and the managed default of Greece has to be bought forward, an investor would have to be stark raving bonkers to invest in the present market, people can make money in such market, betting on a banking collapse in Europe, but its not nice and not very smart in the long term, if the whole system goes then forget economic growth or major profit for a long time, think 1930s Great Depression but worse, its that bad folks.

The Greek Crisis and European Banks

Telegraph Live: Reports that the French/Belgium Bank Dexia has needed to be backed by the Central Banks of France and Germany. The Contagion of the Greek crisis has started folks, the Stock price of the Bank has fallen over a cliff and taken bank shares will them, if and when Dexia goes down what other banks will it take with it, are there other debts that is held by the bank that is now known, all important question folks. Its about time EU got off its backside and developed a plan, the PIIGS are finished, Italy and Spain need to be saved, the rest might have to be thrown to the wolves, otherwise the DEBT just grows, and grows, the austerity packages get tougher, more people need welfare, thus the reduction in GDP, a very vicious paradox folks, the need to pay the debt, but the very fact of paying back the debt makes a solution impossible. Cold days ahead folks, its that gloomy folks.
　

The Greek Bailout - Eurozone Crisis

BBC News: Reports that EU Finance Ministers have delayed giving Greece its expected eight billion Euros bailout. The simple fact is folks is that Greece has not meet its austerity targets, the latest Greek plan to tax property through the electric bill is facing resistance from property owners and the tax collectors. In essence folks you asking a State that does not tax its people to start taxing everyone at a very high rate, also the State in Greece is a major employer, thus the scandal of people retiring when they are in their 50s. The problem with Athens to Dublin is the fact that the EU has a welfare state, you have a growing older population and a small pool of younger workers. Also in the UK the 65 pension age for workers has been axed, thus workers have the legal right to work past 65, thus less job for younger works. The whole contract between the citizen and the state since World War Two is breaking down folks, thus far no grand solution by the EU, or the UK, thus when the Western economies do go over a cliff it will be the rich with the parachutes.