Sunday, May 16, 2010
This is a very scary report, and I continue to believe that the situation in Europe is going to grow far worse before it stands any chance of improving. The “fear” factor is just too strong, and a few flareup demonstrations in various European countries may destabilize a lot of people. It seems to me that they are inevitable – the demonstrations/protest events – as the cutbacks sink in on all levels. Seeing how far the Asian markets have already dropped – tomorrow – is surely an indication – to me – that this situation remains highly volatile, at best.