Day: October 21, 2011

Friday, 21 October 2011

09:55 – Barbara seems to be fully recovered from the episode on Tuesday. I’m still keeping a closer-than-usual eye on her while she’s in the shower and so on, but I think the risk of a repeat episode is pretty small.

I seldom do breaking news, but I figured I’d make an exception in this case and report the results of the EU crisis pre-summit scheduled for this coming Sunday and the EU real-summit-between-Germany-and-France scheduled for next Wednesday. On Sunday, the press release will say that the major parties have agreed to agree, and that the crisis will be defused at the following meeting. After the real meeting, the press release will say that major steps will be taken to address the crisis. If a particular step is to be taken soon, no details will provided about what exactly is to be done. If details are provided about what exactly is to be done, those actions will be promised only for the distant future. On Wednesday and Thursday, mainstream news sources will report that decisive actions have been taken, and the markets will breathe a sigh of relief. On Thursday and Friday, everyone will realize that exactly nothing came out of the summit meeting, and the crisis will return and intensify.

Remember, you read it here first. My new slogan is “Breaking News, Before it Happens”.

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