I was at my usual dis in NYC and struck up a conversation with the subject person. I started asking questions about states, debt, etc, and he very casually stated, "The only way all this gets truly fixed is if we have a collapse. Once that happens we can hit the reset button and start the whole thing over again." Well, even the insiders are pretty open about what we all see in the future.....at some time.
We all know that, don't we? Evidently being a banker doesn't require all that specialized training after all. Guess I blew my calling, I should have heard "banker" or "lawyer" instead of "engineer."
...Not after today, right? They made a deal in Europe and all is well again. Party on, happy revellers and bond buyers...
