Tuesday, November 29, 2011

The End of the Euro?

This is no longer theory, but it seems now, a very plausible outcome. What will be one of the side effects: A strengthening of the dollar? The Yen? Another run-up in gold? I am not ready to start stocking up on canned goods, bottled water and firearms, but this sort of stuff is historic, at least in the post-WW II period. Let's all hope and pray for as "soft a landing" as possible.

http://www.ft.com/intl/cms/s/0/25ab975a-1a9f-11e1-ae14-00144feabdc0.html

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