...The European experiment will be taught as a quaint attempt by historical enemies to compete economically with the prevailing hyperpowers of the day.
More downgrades, which actually have bite to them as individual nations in the Euro area are not sovereign currency issuers.
My main thesis (the the Unites States is in a unique position to benefit from global disorder) remains intact, albeit with the aforesaid short-term market volatility.
Thursday, March 10, 2011
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