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7/12/15

Message for Alexis Tsipras

Yves Smith over at Naked Capitism wrote this last night and has updated it today. Everything you need to know, plus notes on the insanity being shown by all sides. Excellent as always from Ms. Smith.

EDIT: Just read this from Krugman and this part...
"...it’s striking that the conventional wisdom here completely misreads the closest parallel, Argentina 2002. The usual narrative is completely wrong: de-dollarization did *not* cause economic collapse, but rather followed it, and recovery began quite soon."
...is absolutely, totally, 100% correct. I'm sick to death listening to people tell me about what I went through in Argentina and getting it wrong. He's far from my favourite, especially on politics, but on this Krugman's right.

To the mix, IKN adds its own humble piece of advice for Greece's PM.


Walk. Greece will survive. But besides that, you were not elected to agree to these terms. The whole point of Greece electing you was to oppose such draconian measures. It's time to spit them back in their faces and walk out of their room. Just walk. 



Walk



Walk