Don’t Worry, December 9th fixes everything …
Here are the problems I see in Europe: There are 17 countries involved in the EURO ZONE who are member states. That equates to 17 sovereignties, hundreds of political egos, and millions of voters who have to accept the forthcoming austerity measures. No wonder nothing can get done.
If that was not a big enough challenge, layered on top of all that you have The International Monetary Fund (IMF), The European Central Bank (ECB) and the European Financial Stability Facility (EFSF). You mix those 3 organizations, their egos, with 17 sovereign countries and you have a recipe for total inaction and disaster.
All the players are supposed to have a big meeting on December 9th, which should solve all the problems in Europe. We sincerely doubt that it will.
We think this will be just another “kick the can down the road” moment that will carry everything forward and into 2012 with the same problems.
As always we will rely on Trade Triangle technology to keep us on the straight and narrow and on the pathway to profits in 2012.
