Thursday, September 8, 2011

Greek Default?

It looks rather inevitable that the situation in Greece is coming to a hear over the next few weeks, if not days. So Germany, what say you? Sink or swim?

http://www.bloomberg.com/news/2011-09-08/greek-credit-swaps-surge-to-record-signal-91-chance-nation-will-default.html

Not much Obama can say tonight to change this or its impact on US jobs. Really not much anyone can do at this point to stop this train and I think a lot of folks are finally waking up to that reality. Good or bad, there is a lot of pain ahead and perhaps it is best to let it happen and get it over with as best we can.

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