The European ‘Slow-Motion Train Wreck’
Posted by Larry Doyle on January 2, 2012 9:28 AM |
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.
How have political leaders at home and abroad addressed the enormity of our collective indebtedness? They merely continue to kick the can down the road so that our global economic landscape can only be compared to a ‘slow-motion train wreck’.
For those who would like a comprehensive understanding of how this train wreck developed and is playing out in Europe, The Wall Street Journal provides a fabulous 20 minute video.
I really cannot say, “Enjoy this clip” but I think you will find it to be truly educational.
Do your friends, family, and colleagues a favor and get them to do the same. Thanks!!
I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets, our economy, and our political realm so that meaningful investor confidence and investor protection can be achieved.