By DoctoRx
Bloomberg.com is out after the close of
trading with EU to Have No
Deadline for End of Greek Talks. Bloomberg was flogging the story all weekend that a deal was at
hand between the Greek government and its private debtholders. Now comes
this anodyne brief piece that appears to give a Roseanne Roseannadanna spin on
it: ”Never mind”.
Does anything ever matter anymore if
it’s not bullish?
Wasn’t this “PSI” initiative make-or-break?
Wasn’t the euro maybe about to go the way of the lost island of Atlantis
if a deal were not struck by today? Maybe the world economy was going to
vaporize?
Now . . . fuggedaboutit?
Lawrence Peter (Yogi) Berra said that it’s never over
till it’s over.
He didn’t foresee a world in which it’s
seemingly never over.
At least with a bond, someday it is… well… over.
That’s a Good Thing.
That’s how doctors handle things. Faced with a
problem, you triage it and if it’s serious, you deal with it right away.
Win, lose or draw, the crisis gets a resolution.
This Greek situation is no longer a Greek tragedy or
even a French farce.
It’s Theater of the Absurd.
Time to move on. We who have followed the twists
and turns of the Greek crisis (or is it “crisis”?) now look like the men and
women who knew too much. Que sera, sera.
Any way the wind blows…
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