Tuesday, June 26, 2012
The Consequences Of The Unthinkable: Here Is What Happens When The Euro Breaks Up
The Consequences Of The Unthinkable: Here Is What Happens When The Euro Breaks Up: "As the following image from Spiegel summarizes, three things will happen simultaneously when the unthinkable finally occurs: i) economic output plummets, ii) unemployment rate soars, and iii) consumer prices explode. Of course, this is nothing but merely deferred consequences for Europe partying for over a decade under an unsustainable regime that borrowed from the future (sound familiar?)."
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