We have met the enemy and it is us. -- Pogo
I truly believe that the Cyprus crisis had lit the fuse for the eventual credit collapse in Europe that will dramatically impact the United States.
Of course it doesn't help when idiots like Speaker of the House John Boehner can make the statement agreeing with the tool also known as Obama.
“We do not have an immediate debt crisis,” the Ohio Republican said on ABC’s “This Week.”
I guess almost 17 trillion in debt and Bernenke printing at light speed and the U.S being a bank run away from a financial collapse is simply not enough to make these so called leaders do the right thing.
Check out Karl Denninger's post at Market Ticker
I really think it's to late to change course, the only real question is how hard the landing is going to be.