The Euro continues to rally despite the clear fact that the Eurozone is a disaster. It’s strange than grown adults can actually be discussing another Greek bailout when the first one was just one year ago and accomplished nothing. Of course, if the world traded based on fundamentals or common sense, the Euro wouldn’t even exist at this point.
I had a slow leak in my tire once. I kept procrastinating on getting it patched up, instead filling it when it got low. I went from filling every 6-7 days, to 3, to 2, to every time I took it out of the driveway. When I did decide to say 'F--k this' and take it to get it fixed, the tire was worn to the point of scrap. I had to buy a new pair of tires.
That's what's going on in Euroland, and everybody knows the leak is there.
Guess I'll be the first to say it: no shit Dick Tracy. This isn't "news."