At 00:29 14/11/2011, Michael wrote:
<http://www.vanityfair.com/business/features/2011/11/michael-lewis-201111#gotopage1>http://www.vanityfair.com/business/features/2011/11/michael-lewis-201111#gotopage1
This is as eloquent as anything I've read in the past two or three years concerning the coming financial catastrophe. The question really is not "Will it happen?", but "How and when will it happen?" Anybody who's been dipping into Bloomberg during the past two weeks, as I have been, will know that almost everybody talking there -- traders, investors, economists (academic and business-based), financial journalists -- have all been preoccupied with events in Europe. For the first time ever (in 20/50 years), shares on LSE have not been taking their cue from what's happening on NYSE but vice versa. The financial interdependency between the Eurozone and America is now much too great. If anything, America's debt condition is worse than Europe's. As soon as the Eurozone starts to crack America will follow within hours -- and then ripple down to local level, as Michael Lewis so well describes.
Keith Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/11/
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