Sense on Cents

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.

Navigate accordingly.

Larry Doyle

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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.

This entry was posted on Monday, January 2nd, 2012 at 9:28 AM and is filed under European Union, General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.