Thursday, November 15, 2012


Just a bit more austerity is all they need.

The Eurozone is back in a recession, its first in three years, as gross domestic product for the debt-plagued 17-nation bloc contracted 0.1% in the third quarter from the earlier quarter.

In the second quarter, the currency collective tightened 0.2%, according to the official European Union statistics agency, Eurostat. Two consecutive quarterly slips make a recession.

Just my regular reminder that it doesn't have to be this way. This is a problem with surprisingly simple solutions. Print free money and give it away to governments, people, hell, even the banksters. It's the simplest and most politically popular solution to a problem one can imagine. Free money!

And they won't do it.