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Old 12-12-2011
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Originally Posted by tdw View Post

I'd also be very interested to see to what extent what is rapidly becoming a European economic meltdown will alter the European mindset.
I would not be that interested because if things go really bad on Europe you will have a world crisis far worse than the last one and chances are that some big economies that are very connected like the American and Japanese will suffer heavily and I will not know till what point because the factors that are behind the European crisis are common to Japan and to the United States. They are there waiting to explode and may well explode.

Why do you think that Australia, Japan and United States are buying European debt even if it is a risky affair? Well, the answer is obvious, nobody will do a bad business if it has a possibility of not doing it


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