A sharp relief rally on the back of the $1 trillion 'Euro TARP' bailout plan shows that the herd still maintain faith in the only 'solution' of governments - issue more IUOs to those who cannot pay their current IOUs. But the world does not earn enough revenue to service the unprecedented debt burden from past decades, let alone even more. The debt crisis has spread from private corporations and banks to governments. Ultimately, deflation is the only solution. Once faith evaporates in the bailout solution then the house of cards will fall. But still they keep stacking them higher...
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A sharp relief rally on the back of the $1 trillion 'Euro TARP'...
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