Showing posts with label Eurozone. Show all posts
Showing posts with label Eurozone. Show all posts

Friday, May 21, 2010

PIGS in the Euro-Zone

On Feb.25th of this year I had blogged about the coming global financial meltdown that would be precipitated due to turmoil caused by the financial profligacy of the European Union member states in the last decade. The Euro-Zone has even joined a visually enticing acronym for the countries most likely to default now - PIGS = Portugal, Ireland, Greece, Spain. Friends if you have any doubts please go back an look up the stats on my blog that I refer to, Greece was the country with the least amount of issues. Just imagine what will happen if Portugal, Ireland, Spain implode or explode depending on what word you would like to describe the event as. All I can say is Europe will be knee deep in - PIS!!!

A fact that had been staring us in the face for anyone who cared to look, but not one major economist or financial guru was willing to admit to. So folks how does it feel to be lighter in the pocket? Invest in currency & commodities - Euro, metals,  and energy? Gee whiz crude is down 15%, the Euro is down 15%, Gold is down from it's high, so friends what is going on.... ? Stay tuned...