THE EUROPEAN CONTAGION STRIKES! Thanks, everyone but Germany. (And so long, value of Swiss francs!) It’s so nice to blame Europe for our “stock market woes” (which, you know, the standard caveats on that phrase, because, “higher DOW = better for everyone” is not a true thing).
Oh hey, in case you missed it: you should enjoy this tale of how America’s banks are papering over their tasty robomortgages of the 00s. Legal in some cases/states! Not gonna fly in others. La la la, hey right, was there a recent housing market/bank crisis that nearly undid America? Sending employment numbers now-permanently into the land of terrible? I don’t seem to recall any such thing either. HEY WHY IS EUROPE DOING THIS TO US? (Yeah, get ready for your big double dip, your delicious second scoop of America going to hell.)