That's what I thought. But sooner or later they'll face a choice - try to plug the dyke or stand back and watch it fall. I can't help but think they'll make a too feeble attempt - maybe it'll make for a spectacular failure.
The most concerning sign today is this: http://www.zulutrade.com/TradeWall.aspx 80,4 % long EUR/USD. EURUSD - The ratio of long to short positions in the EURUSD stands at 1.00 as nearly 50% of traders are long. Yesterday, the ratio was at -1.67 as 63% of open positions were short. In detail, long positions are 28.0% higher than yesterday and 6.5% stronger since last week.
Unmark my words, something is happening. This evening Mario Monti http://en.wikipedia.org/wiki/Mario_Monti has been appointed "Senator for life". Chances are that he will head the next italian goverment, loved by Goldman Sachs and the Bilderberg, he will do what is needed to "restore confidence". That means finishing the job that ex-Goldman Sachs Mario Draghi started in Italy in 1992, like privatizing italian state controlled oil company ENI, and then ENEL, Finmeccanica, and of course taking away people's wealth. Be careful, other europeans like german and french on this forum have nothing to laugh about, Mario Draghi is now their central banker too. It's really sad.
long term US is finished and its future might be even worse because of the Fed by saying long term I mean total implosion will happen within 5 years