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Things are evolving so quickly in the Eurozone that I’m sure this will be out of date as soon as I write it.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.
