I’m wondering if the DAX in Germany is about to collapse. The German 10 year has fallen sharply and quickly to a negative .251%, which is much worse than even the Japanese bond. And the German bank DB looks like it’s disintegrating, despite the merger plans. Would not be surprised to see a sharp collapse soon in the DAX like 1929 — when there are suddenly lots of sellers but no buyers.
Of course the entire easy money economic system in Europe is a complete fraud. A currency that pays no interest has no value. But when will someone step forward and say the emperor has no clothes? You’ve got literally mountains of debt but no growth. Sound familiar?
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up.
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