the corner office

a blog, by Colin Pretorius

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Money where mouth is

Fat lot of good that did:

But within hours of the Irish government admitting it needed help, the Green party - on whom Prime Minister Brian Cowen relies for support - called for a general election by the end of January. The suggestion prompted a fall in the value of the London stock exchange and the euro and a rise in the cost of borrowing for both the Irish and Spanish governments. The head of the eurozone warned that "crazy" market speculators could turn on Portugal and Spain next.

The head of the eurozone is presented with an *awesome* opportunity. If crazy market speculators are the reason that prices are so screwed up, then the head of the eurozone should take his entire life savings and buy Irish and Spanish bonds at their current rock-bottom prices, and make an absolute killing when the speculators have been proven wrong.

{2010.11.22 - 17:37}

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