I think I'd like an interpretation?

There is nothing to interpret as far as webgogs macro predictions are concerned. How many time has he been wrong in the past? Let's see, just with his recent predictions - there was his prediction last year of a severe market turn then again in April/May of this year and now June 29th has gone and past and surprise, surprise he is still here. I think it 's easier to predict webgogs than the world macro picture.

I said all along that the central banks will continue to print. Not to tout my own horn but who was right? The politicians and central planners really have two choices to make - either they print until the cows come home or they let the world economy collapse and they get the blame for it ( in which case heads will roll - literally ). Now what do you think they will do?

Self preservation and gain is the ultimate goal of every politician so the choice is a no brainer. Kick the can down the road and let the other guy take the blame for it. Everything in between is brinksmanship, grandstanding and political games to make themselves look like they are fighting for their constituents. When it came down to the wire Merkel gave in like I knew she would. And if things really begin to fall apart in Euroland we are going to see Merkel give in to Eurobonds faster than you can get a Las Vegas hooker to give you room service.