deflationary spiral, page-8

Once again, thanks Bob for a great post. I love reading your well researched and insightful posts and never tire of giving you a "thumbs up". (frustrating that I am only allowed one).

Grahay, not too sure if I agree with your comments on (socialist) Governments spending other peoples money. The bigger picture is that these states are in crisis. The cause and reasons are more complex than simply distilling the problem as being "socialist".

Anyway, MYG has held well over the last few days and the European markets are now up. Lets see what happens in the USA overnight and we will probably follow. The markets are looking for any reason to bounce IMO.

Thanks for the posts everyone.