Well I don't know if anyone has written it down better. But IMHO one thing holds: "There are two things all governmental "solutions" have in common: 1) they are the most expensive, most bureaucratic, most inefficient, of maximal stupidity 2) and none of them works." A little more...
Well it seems the lows were not low enough 1) The USA growth was cut by 2/3 from the "experts" 2) The help for Greece is not enough the "saving" goals will not be reached 3) Gold climbs again but the Germans sell their Gold attire (do they really think they will not miss some value...
A lot of money vanished yesterday. I guess we're talking about values at or around 2-10 trillions. How will that be changed if the EZB has bought bonds from Italy and Spain at or around 5-6 billion? Without doubt, we can say also. Nothing has changed really maybe just the majority starts "understanding"...