A Prize I Won’t Be Winning

October 26, 2011

A buddy just sent me a link to a BBC story about the youngish owner of a British retail firm offering a £250,000 prize for the best plan to manage one or more countries abandoning the euro currency.

The market took the small hit from this stunt on top of the more seriously negative announcement that the finance ministers of the Euro zone have effectively kicked their problem upstairs by cancelling their 27-hand poker game and letting the unlimited stakes table (the Presidents and Prime Ministers) deal with it.

My reaction (as is often the case) ran counter to most of what I read or hear in the financial press. Read the rest of this entry »