I missed it. Thank you, Carter, thank you, thank you, thank you for pointing out that Morgan Stanley is about to get downgraded. I should be shot. An informed, participating audience is such a wonderful thing. So thank you Carter, and do me a favor would you? Don't be like me. Get a life.
And now on to important matters. New Democracy won as predicted, they will probably be able to form a government and the first thing they will do is ask for a renegotiation of the bail-out. Par for the course. Markets took a deep breath...and did nothing. Nothing has changed and nothing will until the movers and shakers wind their way back from Los Cabos. That will be a week. Europe will then be into the knock-out phase of the European Cup so there goes another 10 days and not much happens in July in order for people to rest up for August when all of Euroland goes on holiday.
The BIG election, however, was in France where M. Hollande won an absolute majority in congress. The battle may be joined between the two biggest continental powers with Greece being able to play one off against the other and the Italians who invented this sort of thing certain to do the same when the time comes. By the by, still not a word from Massimo but I Azzuri went through 2-nil over Ireland today so I suspect he will have nothing better to do than talk to me.
The Leader and President Calderon of Mexico held a joint press conference today in Los Cabos. For those of you not following American politics, The Leader last Friday issued an executive order to the homeland security guys NOT to deport any person who had been transported to this country illegally before the age of 16 by his or her parents. Now the nation's laws say that they are to be deported and aside from the morality involved in the issue, The Leader at one point took an oath to "enforce the laws of the United States," which, from time to time when politically convenient, he ignores. Awkward thing our Constitution. Pres. Claderon did him one better: he THANKED The Leader for not transporting his fellow citizens back to his and their home country. Doesn't want them I guess. Is it just me? Carter?
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