Friday, April 30, 2010
I'm not one to jump on the fear mongering wagon, but I am cautious when their is lack of information. Late last year I had informed one of my friends to be cautious as Greece's debt problems came to light. He simply shrugged it off and told me it would be "contained". I had limited information, so I wasn't going to do some knee jerk reaction and invest more or sell off. Well... more information is coming to light now and containment may turn into contagion. The backstop and operational specifics of the EU to step in and bail out Greece still hasn't been ironed out. A good article was published today covering Greece's possible contamination. Treading lightly.
Posted by DT at 9:14 PM