Banking meltdown redux

[Matt Black]

From Europe this time (repaying North Americans the favour from three years ago), the continent that's given us two world wars, it looks like the Eurozone debacle, combined with the inability/ incompetence/ unwilllingness of the continent's political leaders to do anything about it, is now hitting the banking sector. This, coupled with Italy's credit rating downgrade (and consequent credit crunching of its banks) and worries about the US economic recovery, is likely to cause another global recession. Can we really stand another three plus years of this crap?

Isn't life marvellous? Story here.

 

[Magnetic Poles]

Yes, life IS marvelous. But it does suck about the global economy..

 

[Matt Black]

This could be the end of my business....

 

[mandym]

From Europe this time (repaying North Americans the favour from three years ago), the continent that's given us two world wars, it looks like the Eurozone debacle, combined with the inability/ incompetence/ unwilllingness of the continent's political leaders to do anything about it, is now hitting the banking sector. This, coupled with Italy's credit rating downgrade (and consequent credit crunching of its banks) and worries about the US economic recovery, is likely to cause another global recession. Can we really stand another three plus years of this crap?

Isn't life marvellous? Story here.

Well gee let's add more socialism to the mix (which is what got us here in the first place) so we can have more of the same.

 

[Ruiz]

This could be the end of my business....

Matt,

I am very sorry to hear this and will be praying for you. In the last couple of weeks, I have talked to a number of small business owners who are either expanding what they are doing hoping to stay afloat or looking for side jobs to keep them going. This has been a tough economy.

 

[Matt Black]

Thanks, Ruiz. Your comments are helpful compared to some...