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It's Over

The only question is
when we'll feel it (audio)

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Karl Denninger: Martket-Ticker.org

Do the math.

It's over.

The only question is when.

Buffett came out yesterday and said "little risk of US recession." That was the headline.

The fine print was "if Europe can get a handle on its debt situation."

I don't know what he's smoking in Omaha, but maybe he's hoping his portfolio won't vaporize if he can just sling enough bull.

Fact: Europe is unraveling with no solution except widespread default in sight

Fact: China depends on sales to Europe for its growth

Fact: The US is completely tied into the financial system and will feel the effects of these twin crashes




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