Michael's Market Comment Wed May 23

Money Talks May 19th

MACRO-EU: Surfing the Tsunami PDF Print E-mail
Written by Greg Weldon: Weldon's Money Monitor   
Saturday, 19 November 2011 11:19

We shine the spotlight on one of the 'biggest' stories to hit the European newswires since the EU debt-deficit crisis began two-years ago, a story that the financial media has 'failed' to cover ...

... on November 1st, in Nazare Portugal, 70 miles north of Lisbon, an ocean side town know for the giant waves generated by a freakish 1000 foot deep canyon that runs right along the cliffs that mark the shore line ... American surfer Garrett McNamara 'caught' a 90-foot wave, and 'rode' it to 'completion', setting a new world's record for the largest wave ever 'surfed'.

Long time readers know my passion for surfing, at least in my younger days (though I do note that McNamara, born in Massachusetts's, is no teenager, at age 44). The video is nothing less than spectacular, see HERE


For a slow-motion replay with some great still shots, see HERE:

So, what, exactly, does this story have to do with Europe ??? Simple. Europe is trying to 'ride' a tsunami of debt.

 

 

 
buy cialis online
21 May 2012

Dennis Gartman is arguably the best known trader in North America but the emphasis   Read more...