Relentless Downward Spiral
I figure that you all are intelligent people and have realized that my schedule at training doesn’t allow me to write as often as I could at my station. Still, I saw some news this week that gave me pause: that S&P had downgraded the EFSF emergency fund (Reuters). Now, I understand the cold logic behind this, but I also question whether such a move will actually solve any of the problems the Eurozone continues to face.
Looking Back – 2011 Edition
Well, 2011 has been an eventful year, both for me personally, the United States, and the world at large.
To Solve This Crisis, Just Take a Deep Breath and Calm Down
Things are evolving so quickly in the Eurozone that I’m sure this will be out of date as soon as I write it. Or maybe not. This is more a general thought about the crisis than a particular focus on one part.
Sadly, It Appears I May Be Right
Alternatively titled: Investors are a Superstitious, Cowardly Lot. Skittishness over Spain and Italy, coupled with the U.S. downgrade to AA+ Friday afternoon hit the markets today, leaving the Dow down 5.5% and threatening to make the Eurozone a house of cards.
