Tuesday, December 21, 2010

ES and Euro

I have said it before and will say it again.

It's all about the Euro. Europe is likely to unravel faster than anyone.

England is part of Europe, although they may do better because they can devalue their currency (default on their debts, in a nice orderly way).

China could be the black swan in this whole mix though, that is a big herd if it starts running.

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Insightful and Useful Comment!