Saturday, June 16, 2012

Drachma-geddon

Things are heating up.  In many fiscal circles, the Drachma will be coming back and the euro will coast and.... well....  We'll see what happens. 

How contagious it will be remains to be seen.  IF Italy needs a bail out, which I think will happen, we could see austerity as far up the food chain as the UK and even Germany.  There's a lot of money leaving the banking sector right now which is frightening.


Drachma-geddon

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