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Sunday, September 18, 2011

Well done, Kweku

Kweku A. worked as a trader for the Swiss bank UBS and had billions of play money at his disposal. Not one , who fiddles around with small change he went in big, but lost his winning touch and sent 2 bn dollars down the drain. The USA were one day of the brink of illiquidity and the next day Pres. Obama released a 300 bn dollar program to boost  the economy. In Germany chancellora Merkel and her finance minister W. Schäuble ( both need to be sacked urgently, read more here ) are sending billions of Euros down south to a barrel without bottom. I am watching all this in disbelief and wonder, where those follies are taking us.

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