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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Smiling Bob who wrote (43371)10/2/2011 7:12:49 PM
From: koan  Read Replies (1) of 119360
 
I spent all week reading on the Greek trip. It is really a mess in both the fianancial sense and the plain reality of how people are living day to day and what can be expected from them.

So the problem is multifold:

First, there seems no way those political bodies can get together and solve the problem politically. They would have to form a sort of united states of Europe.

But even if they could, the Greek society is so disorganized and desperarate it is hard to see how they can pull it together, even if the political problems could be solved. It is practically anarchy over there. Total collpase of their social systems.

And then the bond vigilantes are roaming the edges of the herd of countries like a bunch of hyenas.

So we may very well see the euro collapse and what in the hell would that mean?
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