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Why the Greek debt crisis matters to US investors

Thursday, February 11, 2010 From Zero Hedge: Yesterday we presented our views on why Europe's decision to tip over the first of the bailout dominoes will be inherently a catastrophic one in the long term, and will ultimately transfer the peripheral liquidity risk into funding, and ultimately, solvency risk to the very core. Today, Niall Ferguson joins in, in this latest Op-Ed in the Financial Times. "It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of the western world. Its ramifications are far more profound than most investors currently appreciate." In other words... Read full article... More on the Greek crisis: Greek default risk explodes to all-time high Euro unraveling: Greece and Ireland could exit the union soon Doug Casey: "Absolutely convinced the euro is going to fall apart"