Thoughts, gentlemen?
realistically, how much longer can Germany kick the can down the road?
If you look at the world stage the pieces are being set for war.
War is the ulimate economic reset tool and only the enmemy gets blamed not those who caused the mess in the first place.
Rogers is right sometimes and wrong sometimes. This time he is spot on. The issue in Europe is a systemic one that can only be cured with realistic entitlement cutbacks. But Western Europeans are will see their states collapse before they accede to entitlement cutbacks. Merkel has been balking lately at these short term steps of southern Europe papering over their systemic spending problems particularly when they want to use German assets as the wallpaper.
I'm still waiting for the collapse that was certain in the summer of 2010.
I think they'll still be 'kicking-the-can' down the road when I die.
2 years later and no financial armageddon yet...