With the economy, the worst may be yet to come

[Calla]

Nothing to see here... just the collapse of the euro... and maybe the entire global economic system

 

Hey, remember my last bloggingheads, when I went to the 1930s analogy to describe the current problems in the global political economy? Well, that was a few days ago, and my, how things have changed -- to make that 1930's analogy even more powerful. The eurogoggles metahor may be coming to an end -- because the situation is so dire that even the cheeriest summit won't alter perceptions in financial markets.

 

http://drezner.foreignpolicy.com/posts/2011/11/07/nothing_to_see_here_just_the_collapse_of_the_euro_and_maybe_the_entire_global_econo

 

 

I know, people usually don't click the link and read the article, they just skin the snip posted. But really, read the article. It's short and contains the pertinent snips from 2 other articles. Worth reading and tells you why eyes should be on Italy, not Greece, as the canary in the coal mine for the direction of the EU and how that can affect the USA.

[Comish]

And yet our current administration chooses to follow the European model as a recipe for our future...............