6/25/2012 Portland, Oregon – Pop in your mints…
After defeating Greece in the quarterfinals, Germany will now face Italy in the Euro semifinals and, if they are victorious in there, either Spain or Portugal in the finals. If the 2012 Euro plays out according to the most recent soveriegn credit ratings, according to Moody’s, we should expect the following outcomes from the aforementioned teams:
Germany (Aaa) defeats Greece (Ca), which already occurred on Friday. Spain (A3) would defeat Portugal (Ba3) on Wednesday, and Germany (Aaa) would come out a hair ahead of Italy (A3).
The Germany would then come out victorious after handling Spain on July 1.
However, as Italy showed England yesterday, poor credit ratings can be overcome on the pitch. Therefore, we are speculating that Spain will defy Moody’s and take the cup.
Ironically, a similar scenario is set to play out at the latest emergency EU summit (we have lost track but believe that there have been at least 14 prior to this one) where the Germans are set to capitulate on not only austerity measures but also restraint on monetary policy.
As unemployment in Europe’s club med regions rises, Germans and Europe in general will be keen to avoid a repeat of the rise of the Third Reich in their neighbors to the south.
Stay tuned and Trust Jesus.
Key Indicators for June 25, 2012
Gold Price Per Ounce: $1,585 PERMANENT UNCERTAINTY