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.
http://www.ft.com/intl/cms/s/2/0a35504a-0615-11e1-a079-00144feabdc0.html#axzz1w6VIntBu
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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