Economists do it with models. Mental models. Mental models that fall to pieces the moment they are faced with the cold light of reality. - Me
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Tuesday, July 7, 2015
Europe charts saying something about the Greece situation I reckon
Here's a bunch of European ETF weeklies:
This week's candle looks like the market is voting with their feet, Angela. Perhaps they don't want to invest their money in a currency union that actively overthrows governments, intentionally destroys banking systems, and tosses countries out of the union for eating crackers in bed? Maybe they think Germany is doomed?
Who would want to own Italy, with their own bank run around the corner?
And hey, the French are apparently Communists just like Syriza, so maybe everyone should sell France before their own government is overthrown.