6/17/2012
I think that we are having a run up to another 2008 tipping point only this time it will occur in Europe and will fly rather quickly to the US. From what I can gather the US big banks are highly leveraged in European debt, though they refuse to acknowledge it publically,,which tells me that if fact they are ,,,there is a run-up quite suddenly in the markets,,which given what is the picture all around is very misleading and wrong ,,,,and with the Europe already in a recession,,,I am just glad that I am not over-extended in anything ,,,it is going to get very sloppy in the next couple of weeks,,,
Replies
We are in a \'tailspin\' to be sure and where we all wind up - is anyone\'s guess as greed and breaking the rules to gain ill-gotten money seems to be the norm any longer. The \'little guy\' seems to take the brunt of it while the \'fat cats\' manipulate the \'system\' to their advantage.
Just very scary and sad. Yes, have all bills paid and keep a tight hold of your assets.