Tuesday, September 13, 2011

The European Debt Crisis - Broader Implications

On January 10 I wrote an article on the Seeking Alpha site titled "10 'Front and Center' Problem Areas That Pose a Threat to the Economy."

From time to time I like to revisit this list as these threats remain very relevant to our current and future economic situation.

The European Debt Crisis was listed as #2 on the list.  How this crisis is evolving is very notable, and has broader implications.  Here is what I said in the aforementioned article:
European debt crisis: This situation appears to be unresolved in many respects. In fact, it almost appears to be a slow-spreading contagion. One interpretation of this overall situation is that it may signal a repudiation of (sovereign) debt. Should this interpretation prove accurate, it would not bode well for our highly-indebted global economy.
The Special Note summarizes my overall thoughts about our economic situation

SPX at 1162.27 as this post is written

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