The European ‘Slow-Motion Train Wreck’
The lessons which went unheeded from the economic calamities and accompanying market meltdowns of the 1980s and 1990s laid the foundation for the Ponzi-style financings underwritten within our sub-prime mortgage market and the European Union of this past decade.
As our central bankers continue to kick the can down the road the reality of our global economic landscape can only be compared to a ‘slow-motion train wreck’.
For those who would like a comprehensive understanding of the slow-motion train wreck playing out in Europe, The Wall Street Journal provides a fabulous 20 minute video.
I guess I cannot say enjoy but I think you will find this clip to be truly educational.
Navigate accordingly.
Larry Doyle
Source:
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