St. Louis Fed President James Bullard: The European debt crisis is not a "Lehman II" situation...

|By:, SA News Editor
St. Louis Fed President James Bullard: The European debt crisis is not a "Lehman II" situation rising to a "macroeconomic shock" severe enough to derail recovery in the U.S. and worldwide; sovereign crises have been with us for many years and "the world goes on." CDS prices are higher, but not at the extremes of winter 2008-2009. Flight to safety could benefit U.S.