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01 November, 2011

Be Honest – The European Debt Deal Was Really A Greek Debt Default

Be Honest – The European Debt Deal Was Really A Greek Debt Default: "Once the euphoria of the initial announcement faded and as people have begun to closely examine the details of the European debt deal, they have started to realize that this 'debt deal' is really just a 'managed' Greek debt default. Let's be honest - this deal is not going to solve anything. All it does is buy Greece a few months. Meanwhile, it is going to make the financial collapse of other nations in Europe even more likely. Anyone that believes that the financial situation in Europe is better now than it was last week simply does not understand what is going on. Bond yields are going to go through the roof and investors are going to start to panic. The European Central Bank is going to have an extremely difficult time trying to keep a lid on this thing. Instead of being a solution, the European debt deal has brought us several steps closer to a complete financial meltdown in Europe..."

1 comment:

  1. I find myself coming to your web log increasingly frequently to the point where my visits are just about day-after-day today!

    ReplyDelete

All comments on this blog are moderated, meaning they don't appear until approved by me. So, when your comment doesn't appear immediately, *DO NOT* throw a hissy-fit and assume I'm refusing negative comments (yes, it really happened). I approve pretty much everything that isn't obvious SPAM, negative or not, and I promise you that will include your hissy-fit comments, accusing me of a grand conspiracy to squash dissenting ideas (also really happened). The result, of course, being that you will look like a fool, and the rest of us will laugh heartily at your stupidity.