Wednesday, January 11, 2012

Two Quick Notes

Europe Weird and New in The Wall Street Journal.
European financial markets have gotten very strange. Greece's one-year government bond yield hit 376% yesterday, while Germany, Switzerland and the U.K. sold short-term debt this week at yields below 0%. That means investors are effectively paying the latter governments for the privilege of lending to them.
···
At this point, flying saucers over the Eiffel Tower or the Colosseum in Rome wouldn't surprise anyone.
First Big Test Yet to Come in The American Spectator.
Florida, the fourth largest state in the nation, is bearing down on 20 million residents and has more than twice the population of Iowa, New Hampshire, and South Carolina combined. It has more than four million registered Republicans, about the population of Iowa and New Hampshire together.
···
When we know who the winner is in Florida, we'll know something.
That will be about Ground Hog Day. Wake me then.