Monday, September 19, 2011

If Greece is the canary in the coal mine....

.... We're in trouble:

And it's coming to the US too:

Here's my viewpoint on what's transpiring: It's almost a certainty now that Greece will default.  What's taking place appears to be trying to structure an "orderly" default.  What effect will that default have for the rest of the world economy?  The eventual fallout (my guess only) is that what is going to transpire will make the Lehman Brothers collapse look like a minor historical footnote.  This is "Sovereign Debt" we're talking about, after all, and there are many more countries that have a similar problem. 
Keep prepping....

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