Sunday, May 27, 2012
Great visual of Consequences of a Greek eurozone exit
Above is the graphic you will see on the website below.
When you click on this link, there are 4 buttons. Push each button for a 30 second message, explaining the chart.
It was a great description of what might happen and then what would happen next.
It hasn't been too long since people were saying a Greek exit from the European Union was just crazy talk. And now it looks like a huge possibility.
I am concerned about the financial ramifications it will have for our U.S. banking system, since they are heavily invested in European stocks and bonds.
Quote of the day: Recession is when your neighbor loses his job. Depression is when you lose your job. Recovery is when Obama loses his.