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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (42983)	4/29/2010 12:46:59 AM
From: RMF	Respond to of 71588

ALL that stuff means ZIP if this European mess doesn't get corrected. The SHARKS are going after "sovereign debt" now. A LOT of dominoes are set up ready to knock the next one down if this doesn't play out well. Greece is getting hit now and if they are forced to default then it will be Portugal next, then Spain, then Italy, then Ireland, then Britain, then all the Eastern Europeans, then maybe some Latin Americans, then the U.S.A. It doesn't mean CRAP what our particular house of cards is doing if all the surrounding houses collapse. And FORGET China. They'll go down too if this thing blows up. They've got a trillion in cash but their domestic economy is leveraged to the hilt. I certainly hope this post means absolutely nothing in the scheme of things because the thought of this actually happening is too dreadful to contemplate.