Greece = Bears Stearns of Sovereign Debt Crisis

Posted by Peter Atwater, Minyaville

Share on Facebook

Tweet on Twitter

greecebear

greecebearAfter reading essays from political and financial pundits and looking at market charts, “Greece will be contained” seems to be the consensus conclusion following Samaras’ defeat — that no matter what happens in Greece, the ECB can and will purchase European sovereign debt; Greek stocks are a buy; Even the most dire outlooks have Greece exiting the Eurozone with grace.

Yet again, I am afraid that the financial elite have misunderstood social mood and the impact of chronic underconfidence….

CLICK HERE to read the complete article