Sr. Pessimist

So Much for the Decoupling...

Europe will eat it, but it won't eat it as bad as the US. The EU accounts for something around half of the world's productivity. America will crap out while Europe will survive. American workers are productive at doing what they're told to do, but only 1 in 10 Americans are such workers. The rest tell them what to do in one way or another. So Europe will feel a pinch, but won't crap out as quickly as the expired capitalist fraud sham that is America.

American investment banks will knowingly con foreign banks into investing into their bad securities, but foreign banks won't be as easily misled next time. There won't be a next time. Foreign banks won't trust American banks anymore. And they shouldn't. This country is rigged backwards and upside down.