European Debt Crisis
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 financing's underwritten within our sub-prime mortgage market and the European Union of this past decade.
As our central bankers continue to kick the can down the road the reality of our global economic landscape can only be compared to a ‘slow-motion train wreck’.
For those who would like a comprehensive understanding of the slow-motion train wreck playing out in Europe, The Wall Street Journal provides a fabulous 20 minute video.
Linda Strasberg, All Rights Reserved