Foolishly At The Brink!
For 18 months now global stock, bond, and currency markets have been roiled each time the European debt crisis popped up again. Each time, euro zone finance ministers and politicians took action only when the markets forced them to do so. Does the wrangling in Washington over raising the U.S. debt ceiling indicate the U.S. now in its Greek-Italian phase? Will it take a U.S. market meltdown to convince Washington of the seriousness of the situation?
Source: http://blogs.forbes.com/greatspeculations/2011/07/15/foolishly-at-the-brink/
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