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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (11493)	1/24/2009 12:13:18 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

Pretty scary!! So, will we be starting to see even more capital flight from Europe coming to the US? Hawk

To: John Pitera who wrote (11493)	1/24/2009 3:08:47 AM
From: Poet	1 Recommendation Read Replies (1) \| Respond to of 33421

This is the most frightening piece I've read in a while. I wasn't aware of the extent to Greece's weakness The omnipotent hand of the Greek state produced a public debt of more than 90 percent of Greece’s total economic output. The relentlessly rising demand of its consumers, who were able to put off the day of reckoning because they enjoyed the shelter of the low-inflation euro, has created a current-account deficit of 14 percent of its gross domestic product — estimated to be the highest in Europe. Did anyone else get a rueful smile when they read the name "Mr. Economou"? -g