Saturday, July 24, 2010

Stocks advance on upbeat news from Europe - Business - Stocks & economy - msnbc.com

Stocks advance on upbeat news from Europe - Business - Stocks & economy - msnbc.com:

"European regulators, who issued the results of what are called 'stress tests' on the banks, said Friday that only a handful would struggle if the continent's economy weakens. That helped send the Dow Jones industrial average up more than 100 points, which gave the index a two-day gain of more than 300."

Not with a storm but a whimper the sovereign debt crisis comes to a slow, silent end. A media creation to assure to make money off Europe by exploiting Greece and to support Tory policies in the UK, yet another sudden turn in the weird ride of modern Capitalism.

Are Europe's banks really so secure? Who knows. No one knows and no one can know because there is nothing to know. Modern finance is a chaotic game dependent on utterly imperfect information. The free market of billionaires desperate for 20% return has turned the global economy in to a casino.

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