Over My Shoulder

Black Swan Down

By John Mauldin

June 11, 2012

This from David Zervos. Good quick analysis. My comments, which I sent to David, are below (they will make more sense after you read his piece). 1. It will not be lost on the Irish that Spain got this deal. They WILL default on their bank loans at the ECB. They will call it something else, but the Irish people are going to get off the hook. 2. I will take the over on 100 billion for a side bet. Dinner? 3. Totally agree.

Download - blackswandown.pdf

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