Tuesday, December 06, 2011

Financial Times and EU talks about debt crisis

It was amusing to see the market pop when The Financial Times posted a report that the EU is having "talks" to increase the size of the "rescue funds." This really wasn't significant new news in that it is already "baked into the cake" that the EU will make whatever moves need to be made to address their debt situation, and there have been many rumors and leaked proposals in recent months, so this so-called "news" was not a major disclosure. That said, I'm sure that there will be no shortage of traders, short-term speculators, and cynical journalists and pundits who will continue to act "shocked" that the EU actually makes progress.

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