"Lately, I’ve been less focused on the global markets because I’m so focused on Mongolia. However, it’s hard to ignore what’s going on in Europe as it affects all of us. Let me put it bluntly, they have about a week to figure this out, or they’re going back into the Dark Ages. They really have three choices; let the banks fail and destroy their currency, print massively and destroy their currency or find a leprechaun that can conjure up a better solution. I don’t see how this can go on much longer. Unfortunately, the Europeans seem to still favor the leprechaun approach. That didn’t work for Ireland, and they’re the country of leprechauns. Does Germany have a chance?"
Tuesday, November 29, 2011
Europe is Getting Scary
Adventures in Capitalism on Europe Financial Markets