fbpx

The end is near! Batten down the hatches! Run to the Hills. Greece may default to lead global depression

(Last Updated On: June 22, 2011)

The end is near! Batten down the hatches! Run to the Hills. Greece may default to lead global depression

Remember these images:
The soup kitchen lineups from the Great Depression in the 1930

From CNN today:

Analysts warn that a Greek default could cripple the euro, the European Union’s common currency, and send shock waves throughout the world economy.
“If Greece were to default, I think the idea that you could contain that would be fanciful,” former British finance minister Alistair Darling told CNN Wednesday.
“It’s a bit like saying, ‘Let’s let Lehman’s go bust again and wait and see what happens,” he said, referring to the investment bank that collapsed in 2008, adding fuel to the global recession.
An acute crisis in Greece would lead to a chain effect that “probably wouldn’t stop in Europe,” he warned. “It would have a feedback to American banks and so on.”

http://www.cnn.com/2011/BUSINESS/06/22/greece.debt.crisis/index.html?hpt=hp_t2

Other than that, have a nice day!

Have a nice day! eh?

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Subscribe For Latest Updates

Sign up to best of business news, informed analysis and opinions on what matters to you.
Invalid email address
We promise not to spam you. You can unsubscribe at any time.

NOTE!

Check NEW site on stock forex and ETF analysis and automation

Scroll to Top