The European ‘Slow-Motion Train Wreck’
By Larry Doyle, Sense on Cents, 2 January 2012
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 financings underwritten within our sub-prime mortgage market and the European Union of this past decade.
How have political leaders at home and abroad addressed the enormity of our collective indebtedness? They merely continue to kick the can down the road so that our global economic landscape can only be compared to a ‘slow-motion train wreck’.
For those who would like a comprehensive understanding of how this train wreck developed and is playing out in Europe, The Wall Street Journal provides a fabulous 20 minute video.
I really cannot say, “Enjoy this clip” but I think you will find it to be truly educational.
Video: Europe at the Brink - A Wall Street Journal Documentary
By The Wall Street Journal, 30 December 2011.
In this documentary, Wall Street Journal editors and reporters examine the origins of Europe's debt crisis and why it spread with such ferocity to engulf much of the continent and threaten the entire world.
By Larry Doyle, Sense on Cents, 2 January 2012
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 financings underwritten within our sub-prime mortgage market and the European Union of this past decade.
How have political leaders at home and abroad addressed the enormity of our collective indebtedness? They merely continue to kick the can down the road so that our global economic landscape can only be compared to a ‘slow-motion train wreck’.
For those who would like a comprehensive understanding of how this train wreck developed and is playing out in Europe, The Wall Street Journal provides a fabulous 20 minute video.
I really cannot say, “Enjoy this clip” but I think you will find it to be truly educational.
Video: Europe at the Brink - A Wall Street Journal Documentary
By The Wall Street Journal, 30 December 2011.
In this documentary, Wall Street Journal editors and reporters examine the origins of Europe's debt crisis and why it spread with such ferocity to engulf much of the continent and threaten the entire world.
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