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To: Kayaker who wrote (156959)9/13/2011 4:22:39 PM
From: Bearcatbob  Respond to of 206085
 
Kayaker, I wonder if the default will be the bottom. When it happens - it certainly will not be a surprise. What will be interesting to see is the actions taken to backstop Italy and Spain.

Bob



To: Kayaker who wrote (156959)9/13/2011 4:23:03 PM
From: Archie Meeties  Read Replies (2) | Respond to of 206085
 
How stale do you think the Greece default news is?

Would the markets breathe a huge sigh of relief to get it out of the way?

I think they would, the unknown is;

Will austerity measures bring about a European recession?
Will the vultures decend next on Portugal or Spain?