altona....start your engine !, page-25

Bernanke can say what he wants, I think there's enough bad news around at the moment.

- greece is going to default. Peeps are just arguing about how much fo a default and why type.
- Spain's spoilt workers are fed up with the pain required to wean them from the teat. Europe and its bankers know its basically game over for austerity measures, which basically means its time for Spain to default in 12-24 months
- the US is flat; they'll need to devalue the dollar even more to inflate their way out
- Australia could enter technical recession; it already IS in recession in the non-mining sector

Really, what's there to love about the world economy right now?