Glass
30th August 2012, 06:31 AM
It feels more urgent all of a sudden. Everything seems to have moved up a notch. I know we're all part of the choir but the volume of news is crushing their ability to filter and contain it IMO. Like that video on the exponential growth of everything. Its the same with awareness. It will hit exponential growth at some point. The hot potato analogy is a good one. Like pass the parcel. Musical chairs. Faster and faster it gets. Maximum Potential. Where have I heard that term before?
Citigroup Has The Best Summary Of Europe's Fiasco Yet: "Losses Are Unquantifiable"
Feel like every day Europe is juggling hot potatoes? You are not alone. As the following graphic summary from Citi's Matt King (whose insight into Europe, liquidity conduits, shadow banking and a comprehensive picture of modern financial "innovation" has rapidly become second to none) shows, the hot potatoes are getting hotter by the minute, and are flying ever faster and higher. But the kicker: King has the best punchline on Europe we have yet encountered: "Losses are unquantifiable" Q.E.D.
Passing The Potato
Europe - and no less most of the developed world - is caught in a self-reinforcing deleveraging process.
They are caught in a vicious triangle.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/08-2/20120829_citi_king1_0.png
Full story @ Zerohedge (http://www.zerohedge.com/news/citigroup-has-best-summary-europes-fiasco-yet-losses-are-unquantifiable)
Citigroup Has The Best Summary Of Europe's Fiasco Yet: "Losses Are Unquantifiable"
Feel like every day Europe is juggling hot potatoes? You are not alone. As the following graphic summary from Citi's Matt King (whose insight into Europe, liquidity conduits, shadow banking and a comprehensive picture of modern financial "innovation" has rapidly become second to none) shows, the hot potatoes are getting hotter by the minute, and are flying ever faster and higher. But the kicker: King has the best punchline on Europe we have yet encountered: "Losses are unquantifiable" Q.E.D.
Passing The Potato
Europe - and no less most of the developed world - is caught in a self-reinforcing deleveraging process.
They are caught in a vicious triangle.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/08-2/20120829_citi_king1_0.png
Full story @ Zerohedge (http://www.zerohedge.com/news/citigroup-has-best-summary-europes-fiasco-yet-losses-are-unquantifiable)