Dr. Seuss takes on Chancellor Merkel
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Joshua M. Brown Guest blogger
Angela Merkel made her most forceful comments yet on the possibility of Germany providing some kind of shared eurobonds and an FDIC-like guarantee for bank deposits - she said "not in my lifetime." That quote comes courtesy of Reuters, there is a string of comments coming from the same source as we speak.
And, well, the markets certainly didn't love to hear that door slamming shut.
I do not like
Shared bonds and banks.
Would you like them
Here or there?
I would not like them
here or there.
I would not like them
anywhere.
I do not like
shared bonds and banks.
I do not like them,
Sir, no thanks
Would you like them
in a house?
Would you like them
with a mouse?
I could go on but, well, you get the picture. Not happening, which kind of throws some cold water on this Friday's eurosummit.
More to come.
