Cancel 2016.2
The Almighty
Good and interesting analysis, but wrong on the European issue.
What I wrote:
4) how to handle a potential European implosion: They are doing everything they can to push the problem into the future, but it is continually getting harder to do so. Greece is going down. There is no stopping that now. The key will be if they can keep Spain and Italy from following suit. At this point, it is likely that this is pushed into 2013.
Tell us Garud... what was wrong about that?
They HAVE done everything they can to push the problem into the future. Like us, they continually have purchased bonds to try and stimulate their economies via lower interest rates. Also note... my exact words were potential European implosion. The only portion of my comment that was wrong was the part that Greece was definitely going down. While I still believe that will be the end result, it is not as clear cut as I thought it was at the time of the comment above.