Thursday, March 25, 2010
Only as Strong as the Weakest Links
Portugals debt rating is downgraded to AA. The Euro is going down in value. Today it was at a 10 month low. Some sort of a vague potential last resort bail out for Greece is in the works. All of their cost cutting measures are not really equaling out the current higher costs of the borrowing necessary to feed their economy. Very interesting times.
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1 comment:
We are having same problem
http://www.nytimes.com/2010/03/25/business/economy/25social.html?hp
also great vid here
http://www.zerohedge.com/article/ecu-groups-philip-manduca-we-are-tipping-point-and-only-thing-may-save-euro-collapse-us
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