Tuesday, January 25, 2011

ECONOMY - Europe's Debt Crisis, Ripple Effect

"How Severe Is Europe's Intertwined Debt Crisis?"
PBS Newshour 1/24/2011

Just ANOTHER reminder that the economic crisis is not just American.

(full comedy routine)


Humm... EU loans sound familiar.... AH! Sub-Prime Loans!

My favorite lines:
  • Q: Why are people selling EU currency and buying U.S. Dollars?

  • A: Because the U.S. economy is so much stronger than the EU economy.

  • Q: Why is that Roger?

  • A: Because it's owned by China.

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