Today, somehow, the markets were just headed down.
Whether people wore golden or neutral or light grey, colourful flowery red
or a hopeful green, the markets just headed down.
Uncertainity about the Italian debt....
The raising of margin requirements for purchasers of Italian debt....
I think that Europe too needs to raise the Debt Ceiling, like America
did in August. Then the situation will be more stable, and perhaps,
as I seem to so deeply believe, through the power of prayer and
communion with God,that there will be a continuation of Recovery,
and, provided peace obtains universally, the flowering of a great
Sometimes the arithmetic and logic of it seems so uncomplicated, but
the legislation, the necessary controls, the politics seem to weigh
For example, if they were to revise the margin requirements?
Draw down the yield on Italian debt?
Hopefully, some solutions will emerge.
Till next time