Looks like Greece will default on it's debt, the contagion is spreading to Italy and even the U.S. is having difficulty balancing it's budget and may have it's credit rating cut.
Are the Events of the banking crisis of 2008 finally coming home to roost. Are we on the cusp of a recession turning into a depression.
http://uk.reuters.com/article/2011/07/20鈥?/a>
http://www.guardian.co.uk/business/2011/鈥?/a>|||We may be on the "Cusp" as you put it, but, that does not mean we will go beyond that. Here in the USA politicians love to play "Brinkmanship" political games in order to impress the Electorate. At the end of the day, it is drinks all around and Business as usual.
Please don't lose to much sleep on this one.
Proud Vet
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