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Friday, December 2, 2011

Q:ECB BACKSTOP RUMOR FUELS MARKET

BLOOMBERG LIE OF THE DAY: 

U.S. Stock-Index Futures Extend Gains After Suprising Drop in Jobless Rate

Quote of the day: “Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take on more and more expensive debt, until their debt becomes unbearable. The unpaid debt will lead to the bankruptcy of all banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism.”  Karl Marx 

 

All right, maybe the conclusion is a bit of a leap, but the analysis is spot on.

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