Let’s try this again, shall we? This afternoon ~4:15pm to discuss EuroZone. Bullet points:
• Greece is a small dysfunctional economy with a disastrous set of policies — it will be painful, but not impossible for them to default or leave the Euro.
• Italy is a large robust economy with a disastrous set of deficits — it will be disastrous and impossible for them to default or leave the Euro. They will be bailed out or the Euro will collapse.
• Spain is a large dysfunctional economy; they cannot restructure or grow their way out of their problems — like Italy — and they cannot defaulty or leave the Euro like Greece. The options for EU policy makers re: Spain are terrible or awful.
• US Bonds remain a safe haven
More to come later.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.