DID I TELL YOU? I AM TELLING TIGER WOODS HOW TO FIX HIS GOLF SWING!
[email_link]
President Barack Obama pressed European Union officials on Monday to act quickly and decisively to resolve their sovereign debt crisis, which the White House said was weighing on the U.S. economy.
After meeting European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso, Obama said he was keen to see the euro zone crisis end.
“I communicated to them that the United States stands ready to do our part to help them resolve this issue. This is of huge importance to our economy,” Obama, seated next to the EU leaders, told reporters.
A possible step would be for Washington to support more aid to Europe from the International Monetary Fund, where the United States is the biggest shareholder.
Source: http://www.reuters.com
I think Nigel Farage should speak to Congress about throwing good money after bad. In any case, this is predictable step that zero hedge was calling for weeks ago and it is a boon to commodities which I am currently overweight so up .. up and away:
consumer price inflation
consumer asset deflation
steal money from children to get the Christmas bonus.