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.

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