Will Sunday’s Greece Elections Prove to be a ‘Lehman Brothers Moment’? Maybe
http://finance.yahoo.com/blogs/danie...172918499.html
Senior Elf (Marshmallow World)
Will Sunday’s Greece Elections Prove to be a ‘Lehman Brothers Moment’? Maybe
http://finance.yahoo.com/blogs/danie...172918499.html
Senior Elf, Distinguished Professor
Knock on wood MW.Originally Posted by Marshmallow World
Merry Snowy Christmas
Love & Peace to the World
Reindeer Handler
No matter what the election result the problems remain the same. IF a centre-right coalition can take charge and enforce still more austerity demanded by the ECB then the economy will crash whether Greece is in or out of the euro. The trouble with the EU leadership is that they just don't accept that the central permise of ever-closer political and monetary union was flawed from the outset, and their actions in continually throwing money at the financial institutions while cutting social spending rewards the greed and faliure of the former, while punishing the latter for crimes they didn't commit.
No doubt the markets will dead cat bounce over the result, and some people will make a lot of money as a result. But the problem isn't just Greece, or Spain, or Portugal, or the Irish Republic or even limited to europe, it's a systematic problem, a result of the way we have been living for the last fifty years. IF this bullet has been dodged, there is still a hail of lead aimed in our direction, and you can't dodge them all...
Time to get prepping if you haven't started.
So let the raucous sleigh bells jingle,
Hail our dear old friend kris kringle,
Driving his reindeer across the sky.
Don't stand underneath when they fly by.
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