A short story about denying Mr. Market

Unfortunately the German parliament voted to approve 22.4 billion euro loans for Greece today. The euro bounced on the news. I was hoping of course for lawmakers there to finally drive a stake through the heart of that silly artificial government bungled construct known as the single currency and do us all a favor.

A stake through the euro is what market is telling us should be done. But of course, how dare the market make a judgment on the wisdom of political hacks…how dare it! Speculators must be punished I tell you. Off to Room 101! [Room 101 of course, is that place where one’s worst imagined fears are brought brilliantly to life in the name of loving rehabilitation by Big Brother in George Orwell’s 1984.]