Will Ireland cause contagion? Of course it will and Portugal is the next to go

The contagion problems happen when you have Ireland and Greece sharing a common currency with Germany, and you have Germany bailing out Greece. 

What would happen if Greece went bankrupt?  Nothing. 

The excuses given for the bailout, most prominently, contagion, is happening in spite of their best efforts. 


Popular posts from this blog

October retail sales come in strong, especially auto sales

Tea Party Buffalo Pictures

How to spot a fake Tea Partier