Greece = Bears Stearns of Sovereign Debt Crisis

Posted by Peter Atwater, Minyaville

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greecebearAfter reading essays from political and financial pundits and looking at market charts, “Greece will be contained” seems to be the consensus conclusion following Samaras’ defeat — that no matter what happens in Greece, the ECB can and will purchase European sovereign debt; Greek stocks are a buy; Even the most dire outlooks have Greece exiting the Eurozone with grace.

Yet again, I am afraid that the financial elite have misunderstood social mood and the impact of chronic underconfidence….

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