To: DeaconBenjamin
It is a self correcting problem that will only last for a very short time. Either the PIIGS will default or they wont. If they don’t default soon, investors won’t put up with negative interest rates anymore. If the PIIGS do default, then the euro collapses and interest rates return to normal.
Either way, problem solved.
To: mamelukesabre
It is a self correcting problem that will only last for a very short time. Either the PIIGS will default or they wont. If they don’t default soon, investors won’t put up with negative interest rates anymore. If the PIIGS do default, then the euro collapses and interest rates return to normal. Either way, problem solved.
And why it's essential that Obama be defeated; the temptation to 'fix' Europe, where he'd find a more receptive audience than here, would be overwhelming.
6 posted on
08/22/2012 7:30:45 PM PDT by
IncPen
(Educating Barack Obama has been the most expensive project in human history)
To: mamelukesabre
yup, sums that whole mess up very nicely. well done.
7 posted on
08/22/2012 7:31:17 PM PDT by
onona
(loving butter pecan)
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