Commentary on Thatcher’s Euro crystal ball, the Euro crisis leeks into China, equities may be best, the all important ‘swing’ vote, and Bob Rae’s choice.

How Margaret Thatcher saw the Euro disaster. (ed’s note – interesting that part of the attack on Thatcher’s stance on the Euro was personal). Thanks to Ross of Toronto.

Telegraph -- Margaret Thatcher knew the single currency would devastate Europe
Next week it will be 20 years since Margaret Thatcher fell. Pressure had been building on a number of fronts, but the issue which finally destroyed her was the yet-to-be-born euro.

 

Sir Geoffrey Howe Resignation Speech 1990

Related.

Pdf -- Europe's Monetary Union -- The Case Against EMU

 

Euro’s shadow.

Pragmatic Capitalism -- EUROPE’S CONTAGION INTO CHINA….
Much has been made in recent weeks about the Eurozone troubles and the spillover into China.  

More on equities.

Financial Times -- Stocks may be the best of a bad bunch
Winston Churchill called democracy “the worst form of government except all those other forms that have been tried from time to time”.

Meanwhile, back on Planet Earth. Thanks to Tony of Victoria.

straight.com -- Gwynne Dyer: Rio+20 and mass extinction
The forthcoming United Nations Conference on Sustainable Development in Rio de Janeiro (Rio+20) on June 20 to 22 has brought out the usual warnings of environmental doom.

Swingers.

New York Review of Books -- Swingtime for Obama
When President Obama announced his support for same-sex marriage in his May 9 interview with ABC News, speculation among pundits focused immediately on the political fallout, and specifically on the question of how independent voters—i.e., those not committed to either party—would respond to the new position.

The best PM Canada never had.

National Post -- Jonathan Kay on Bob Rae: A man with principle, a man with class
A few weeks ago, Bob Rae spoke at a small dinner party in downtown Toronto. The event was off-the-record.

National Post -- John Mraz: Is Bob Rae the last great leader the Liberals never had?
When Bob Rae entered the Liberal leadership race in 2006, he knew he was spoiling for a fight. That fight ended this week, and Canada is poorer for Rae’s retirement from the fray.