Monday, October 31, 2011

MF True Euro Story

MF  is a funny company. It shows how a company can not commit fraud like national governments.

MF has a ton of Eurozone debt and of course Europe is BK so goes MF down. Finally a story with some reality too it.

With this news the Euro sold off. How interesting the news from the past three weeks creating huge short squeeze on nothing, but MF BK makes the Euro dropp.

Bank of Japan intervened in their currency. For some reason the yen is at a 3yr high against the dollar yet the Japanese debt to GDP ratio makes the USA look like a joke.

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