The Ultimate Asset Bubble Is Gold.

I Admire Chancellor Merkel For Her Leadership Qualities, But She Is Leading Europe In The Wrong Direction.

It Is Better To Have A Cat And Mouse Game Where The Cat Has The Upper Hand Than A Cat And Mouse Game Where The Mice Are Ruling. Because The Latter Means That The Market Participants Are Given Free Range. That Was Actually The Big Misconception Of Our National Hero Ronald Reagan, Who Always Talked About The Magic Of The Market.

Now That I Have Called You On Your False Accusation, You Are Using Additional Smear Tactics.

Economics Seeks To Be A Science. Science Is Supposed To Be Objective And It Is Difficult To Be Scientific When The Subject Matter, The Participant In The Economic Process, Lacks Objectivity.

By Creating The European Central Bank, The Member States Exposed Their Own Government Bonds To The Risk Of Default. Developed Countries That Issue Bonds In Their Own Currency Never Default, Because They Can Always Print Money. Their Currency May Depreciate, But The Risk Of Default Is Absent.