Any Central Bank Should Only

Germany Will Always Do The Minimum To Preserve The Euro. Doing The Minimum, Though, Will Perpetuate The Situation Where The Debtor Countries In Europe Have To Pay Tremendous Premiums To Refinance Their Debt. The Result Will Be A Europe In Which Germany Is Seen As An Imperial Power That Will Not Be Loved And Admired By The Rest Of Europe - But Hated And Resisted, Because It Will Perceived As An Oppressive Power.

Investors Operate With Limited Funds And Intelligence, They Do Not Need To Know Everything. As Long As They Understand Something Better Than Others, They Have An Edge.

Making An Investment Decision Is Like Formulating A Scientific Hypothesis And Submitting It To A Practical Test. The Main Difference Is That The Hypothesis That Underlies An Investment Decision Is Intended To Make Money And Not To Establish A Universally Valid Generalization.

I Admire Chancellor Merkel For Her Leadership Qualities, But She Is Leading Europe In The Wrong Direction.

However, Even A Strong Government Can't Perform Miracles. It Needs Money From The Taxpayers.