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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (70798)	5/1/2015 10:43:50 AM
From: GROUND ZERO™	1 Recommendation Recommended By Hawkmoon Read Replies (3) \| Respond to of 218537

Great question... I'm not an economist of any sort, but my gut reaction is that it would be bullish for stocks worldwide... if Greece leaves the Euro zone, it would be the best thing for them, their economy would improve rapidly... Italy will likely follow and leave, then followed by all the other countries... the Euro would become obsolete and each of the countries would return to their own previous currency... this would be very bullish... the Euro experiment was doomed to failure, it was only a matter of time... Here's why: When a country's economy is weak, their currency is also weak... but, the weaker currency makes their goods and services cheaper abroad, and this strengthens their economy... but, when so many countries must share the same currency, there is no way for the weaker country to strengthen their economy, and therefore all the other countries in that group are forced to share the burden... this is exactly what we now see... GZ