Honestly, who do these market commentators think they’re kidding?
Case in point, listen to this statement, then tell me what you think of it:
“But Spain is in much better shape than Italy, as measured by debt and solvency. Spain’s debt-to-GDP ratio is 60%, about half of Italy’s 120%, according to Nick Stamenkovic, fixed income strategist for RIA Capital Markets in Edinburgh.”
Where have I heard this shit before? Wait, let’s hear a little more:
“There’s a big difference between Italy and Spain in terms of the economy,” he said, noting that the eurozone’s average debt to GDP comes in around 85%. “The debt economics in Spain are a lot better.”
I can almost hear these same voices saying the exact same shit, but only six months ago.
“There’s a big difference between Greece and Italy in terms of the economy…The debt economics in Italy are a lot better…”
Everytime you get these “experts” cherping in on the “special circumstances” surrounding these trash countries, literally within a matter of months, weeks, or even days, they get every word they utter force fed back to them.
Alright then, I’m saying it. Everyone needs to shut the fuck up, right now. I know none of you people on TV know what you’re talking about; you just want to be heard. It ups your sense of self worth. But you have nothing useful to contribute. Here, I’ll send you a telegram:
Comments »Dear Everyone, Stop.
If you are thinking of making a comment about the Eurozone debt crisis, stop.
Think about what you are going to say, have said, or might be forced to say in the future, and stop.
Do you know what you are talking about? Stop. You’ll probably put your foot in your mouth. Stop.
Better yet, just, stop. Stop.
Seriously, stop…
Cain.