Hi guys
So, I know next to nothing about economics and the interrelatedness of financial instruments and such. However, I do believe that at some point you have to stop pouring billions of Euros into the bottomless hole that is Greece. I also believe Italy may be in even worse shape, but no one seems to care just yet. There are other problems of course and so on and so forth.
If the whole Ponzi scheme that seems to be European economics these days should tumble, how do you profit from it? What advise would you offer an economically challenged person like me?
The Euro will suffer I suppose as it already has. Rates should go up in the involved countries but will it spread to the rest of Europe and/or the world? Short the stock indices, bonds ... what?
I apologise in advance if this question has been done to death. I was just inspired by the graphics in New York Times that a Danish paper re-printed today.
http://usablog.blogs.berlingske.dk/files/2010/05/02marsh-image-custom11.jpg
Cheers,
Smurf
So, I know next to nothing about economics and the interrelatedness of financial instruments and such. However, I do believe that at some point you have to stop pouring billions of Euros into the bottomless hole that is Greece. I also believe Italy may be in even worse shape, but no one seems to care just yet. There are other problems of course and so on and so forth.
If the whole Ponzi scheme that seems to be European economics these days should tumble, how do you profit from it? What advise would you offer an economically challenged person like me?
The Euro will suffer I suppose as it already has. Rates should go up in the involved countries but will it spread to the rest of Europe and/or the world? Short the stock indices, bonds ... what?
I apologise in advance if this question has been done to death. I was just inspired by the graphics in New York Times that a Danish paper re-printed today.
http://usablog.blogs.berlingske.dk/files/2010/05/02marsh-image-custom11.jpg
Cheers,
Smurf