Real world continues to confirm warnings issued by Weiss, et. al.
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Global markets
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Global markets
Asian stocks plummeted Wednesday in reaction to the sovereign debt downgrades of Greece and Portugal, and Europe stocks extended losses, with Portuguese stocks especially volatile. Yields on two-year Greek debt surged to the 30% range. (Marketwatch e-Newsletter, 4/28/10)
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In spite of efforts by European Union to stick their finger in the dam, Greek sovereign debt problems continue to spill over into world markets. Now begin adding the same problems of Portugal, Spain, Italy, & Ireland. Unabated debt always has been and always will be bad news. Sorry about that, socialists.
Probably going to see some rough going as 2010 rolls on. Watch your backside.
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In spite of efforts by European Union to stick their finger in the dam, Greek sovereign debt problems continue to spill over into world markets. Now begin adding the same problems of Portugal, Spain, Italy, & Ireland. Unabated debt always has been and always will be bad news. Sorry about that, socialists.
Probably going to see some rough going as 2010 rolls on. Watch your backside.
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