Not out of the woods yet.

Greece isn't really the problem, Italy, Portugal and Spain are. If Greek investors start taking money out of their banks and they default on their loans, it's very possible that the other three countries will follow suit some time next year.

No it didn't. That the majority of Europe's problems are centralized in Greece is a misconception. Italy's financial system is about to topple and even Germany's sovereign credit rating is under threat of downgrade. If they aren't safe, then no one in Europe is. Who is going to bail them out? The U.S. has its own debt problems and we are nearing the 15 trillion dollar debt ceiling. The article points to manufacturing uptick in Asia, but I really don't see how that helps Europe, or even the U.S. So they are making more crap Westerners can no longer afford to buy. Even if they were to hand over half a trillion dollars to the EU as a gift, the underlying systemic problems are still there and the EU will start sinking into that hole again before long.

FREEZE
How low can you go?
Debt row?
What a broker know
Once again back is the incredible
Lyin' animal
the UnBannable
G oldman
Public Enemy # 1
5 0 said FREEZE
and I laughed at em
Can I tell that I really never need a gun
I got the swaps that my Ivy League Quants spun

You don't dodge an endemic problem that hasn't been addressed yet. Everything you hear in the news are the tinfoil balls for cats.

Whew, for a moment I worried I would have to stop running around screaming the sky is falling. Thanks fark!

Pumpernickel bread: No it didn't. That the majority of Europe's problems are centralized in Greece is a misconception. Italy's financial system is about to topple and even Germany's sovereign credit rating is under threat of downgrade. If they aren't safe, then no one in Europe is. Who is going to bail them out? The U.S. has its own debt problems and we are nearing the 15 trillion dollar debt ceiling. The article points to manufacturing uptick in Asia, but I really don't see how that helps Europe, or even the U.S. So they are making more crap Westerners can no longer afford to buy. Even if they were to hand over half a trillion dollars to the EU as a gift, the underlying systemic problems are still there and the EU will start sinking into that hole again before long.



Do you think if we changed the number from $15 trillion to say .... $12 trillion .... would anyone actually notice? And even if someone did, we could just pay them off, yea?
;^)

I am curious though: if the U.S. is in debt, the EU is in debt, Africa is poor as shiat, the Middle East in a hell hole, and China is on the interstate to an unsustainable way of life ..... just who the fark has all the money?

fark