The financial world seems to have adopted the idea
that things will somehow work themselves out in Europe.
I don’t know if it’s because people don’t like to think about negative things
or if someone sent out a memo to everyone
that math doesn’t exist or count in Europe,
but somehow investors seem to have decided that as long as we think positive thoughts
everything will be fine.
The reality is that every day,
Europe is approaching a debt implosion.