Thursday, June 21, 2012

One Picture Fully Explains the Euro Crisis

A friend sent me the following link today.

June 21, 2012
The euro crisis, in one picture

4 comments:

  1. Love it. Of course, my question is, when do the Germans realize that their export-driven economy is now entering stall speed. The Chinese PMI has contracted for the 8th month in a row, and they have effectively euthanized the PIIGS. Looking to sell to the BRCs? Slowing there too. US...got a pulse, not much else. I do hope the Germans have a plan.

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  2. fried,

    US...got a pulse, not much else.

    We have a strong recovery with creativity and strength.

    "We have a fun environment with creativity and fun."

    Same tune, slightly different lyrics, lol. Sigh.

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  3. Stag,

    It really is an illusion of posterity. Everyone thinks they understand history. Everyone thinks they understand how the system works.

    The brainwashing has been immense. Still, the outcome is not a certainty. Either way, trouble looms.

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  4. mab,

    It really is an illusion of posterity.

    Nice. The "poster" is real though. I'm fairly sure of that. ;)

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