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Posts Tagged ‘how did economic crisis in Europe develop’

The European ‘Slow-Motion Train Wreck’

Posted by Larry Doyle on January 2nd, 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’.¬† (more…)






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