Reply To: Re: The IMF Proposes A 10% Supertax On All Eurozone Household Savings

[Viscount St. Albans]

To make the sell, they need two sthings to happen that appear to be mutually exclusive:

1) A massive wave of municipal bankruptcies that wipes out the retirements for millions of Americans

2) A rising stock market so Bloomberg and CNBC and Senators can pitch the value of stock investing to millions of wiped-out or terrified municipal bond investors and Joe-the-Plumber types whose meager income will be siphoned-off into mandatory stock investing schemes (for his own good, of course).

I don’t see how (1) and (2) can happen at the same time. The coming months will be interesting.