2012-09-28theautomaticearth.com

People follow stock markets. In the sense that if the markets are doing fairly well, they think everything else must be doing fairly well too (like their own lives). And that's all they do. But you can't gauge European reality through looking at stock markets. That seems to me to be so obvious, and I've written about it numerous times, that the ongoing head in sand blinders become harder to bear every single day. We're not talking about the number of flatscreen TVs the Greeks and Spanish can buy, we're talking about their bare survival.



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