Jim Trippon: Billionaire George Soros rattled a lot of teacups in Europe last weekend by predicting “economic collapse”.
The legendary investor declared, “We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread. The financial system remains extremely vulnerable.”
Is it time to panic? There are a lot of reasons to say no. And, it looks like stock markets are listening.
China (NYSE:FXI) has been an important player, buttressing confidence in Europe and even China itself over the past week.
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As one can plainly see from this article; we are all joined at the hip. You have the classic
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weak ( EU ) and the jesters of the court running around like chickens with their heads cut off ( USA and it's little wars around the globe )
The whole thing might as well be a new reality
TV show - the whole friggin' thing is also one big quagmire of monumental proportions - it will
be so interesting to see how long these countries can keep this baby afloat.
Really interesting
china's lending (acquiring hard assets/infrastructure/geopolitical tie's) while back home their local lenders are hiding over 1.5 trillion in debt beyond and above what is reported..seems unsustainable also..
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