Merkel Has Realized That The Euro Is

Stock Market Bubbles Don't Grow Out Of Thin Air. They Have A Solid Basis In Reality, But Reality As Distorted By A Misconception.

Every Bubble Consists Of A Trend That Can Be Observed In The Real World And A Misconception Relating To That Trend. The Two Elements Interact With Each Other In A Reflexive Manner.

The Reality Is That Financial Markets Are Self-destabilizing; Occasionally They Tend Toward Disequilibrium, Not Equilibrium.

Market Prices Are Always Wrong.

These Public-private Partnerships Are Very, Very Dangerous. The Most Rotten Part Of The Financial System In The Us Consisted Of The Government Sponsored Entities, Fannie Mae And Freddie Mac. They Really Kicked Off This Crisis. The State Should Set The Rules And Enforce Them - But Not Become Involved As A Market Player.