Deutsche Bank: If Merkel Doesn't Budge, 'Our Investment Advice Is To Dig A Hole In The Ground And Hide'
This is real.
“Dear Chief Secretary, I’m afraid to tell you there’s no money left.”
Spanish Whispers: The leader of the opposition party in Spain implies it’s the next Greece (click through for a more thorough explanation).
“At this point, I think we’re in Wile E. Coyote mode. Nobody look down or all of Europe falls apart.”
Crazy Nut Job does such a great job summarizing the economic turmoil that I don’t feel like I need to read as many other sources as I used to (which is lucky because my focus has shifted). And he says he’s being lazy. If you want to keep up with the global economy, I think it’s a great way to do so.
Greece, Dred Scott, and the American Civil War
Of course, this complaint threatens to unleash havoc in all kinds of ways. “This may cause a great crisis in Europe but we already have a crisis,” said Dr Karl Albrecht Schachtschneider, law professor at Nuremberg University and author of the complaint, when we chatted yesterday.
He will ask for an injunction to freeze all aid for Greece while the case is pending, which may take weeks or months.
How will the Court rule? The breach of the no bail-out clause of Article 125 of the Treaties is so clear that it will be very hard to finesse. “It is a question of law – the duty of the court to defend the German constitution. They have no choice other than reaching a lawful decision,” he said.
China Wants to Connect its High-Speed Rail to Europe (Largest Infrastructure Project in History)
The goal of this project would be a two-day trip from Beijing to London. The Trans-Siberian Railway, which I’ve seriously considered doing and would still love to, currently takes six days to cover the almost 9,000 km from Moscow to Beijing. Who doesn’t romanticize traveling by train? It’s a shame it’s pretty impractical outside of the northeast corridor in the US. Also, I’m ready for a fourth trip to China.
