The deteriorating U.S. economic outlook is of more concern than Europe to Goldman's Jim O'Neill....

|By:, SA News Editor

The deteriorating U.S. economic outlook is of more concern than Europe to Goldman's Jim O'Neill. A year ago, the conventional wisdom said if contagion spread to Spain, it was game over. Well, it has, and here we are. "Does it ultimately matter to European equities whether the euro persists or not? ... (they're) so cheap that perhaps investors should ... turn off their computers and TV and disappear on vacation."