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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%Nov 18 4:00 PM EST

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To: skinowski who wrote (90656)5/28/2012 9:40:19 AM
From: Hawkmoon  Read Replies (1) of 217862
 
Yep.. that was a pretty well written article.. I subscribe to his email newsletters, if only for the insight provided by many of Mauldin's associates.

There really isn't much choice for the Greek people, except to "pull an Iceland" and "reset", especially for the lower and middle class who would bear most of the burden of increased taxes (wage and sales tax based) because the wealthy are damn good at tax avoidance.

Same will go with Spain, Portugal, and Italy.

The question will be whether they leave the Euro, or whether the German people ultimately force Merkel to take Germany out of it to avoid being left holding the bag.

Hawk
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