They are both ”fu*ked”, the question is: who is more?

It is all over the place. The rescue plan for Greece (€€€) and problems with PIGS southernyyy payment discipline, the US debt ceiling ($$$) and possible AAA downgrade. We are being bombed by predictions and rating downgrades with GOLD & SWISS FRANKIE hitting all time HIGHS and the only ONE question that matters right now is: “who is fucked more”? The “risk on” and “risk off” became our daily bread and butter. So what next? Get used to it! Technically and on paper the financial crisis is over but realistically it is just a beginning. I don’t want to sound gloomy but the situation is not bright and again the only thing we can do is to adapt to it. We should take downgrades as a usual bus stop delays, pumping more money into the economy as a rainy evening during otherwise “stable” sunny day and politician’s talks as a market liquidity provider. Of course it all has to stop at some point: we are going to have to throw all politicians out of the window (literally) and start all over again (something what we have not seen before in a modern era) and it will be a very painful era. Best advice I can give right now is to ride the markets as long as you can, buy yourself a piece of land far away from civilization and learn how to grow potatoes. Sooner or later we will all need it.