Why the global economy will collapse soon...

Discussion in 'Economics' started by gastropod, Feb 11, 2011.

  1. OK, here is my conclusion: The global economy will collapse soon, because of insanity in the world capital markets and a global lack of understanding of the value of anything on the globe.

    Here is my basis for this: The value of borrowing for Egypt...yes, Egypt, you know - the country that is overturning its government and having riots in the streets...the same Egypt with food problems...yeah, them - they have lower borrowing costs than Portugal, Ireland, Greece etc.

    http://af.reuters.com/article/investingNews/idAFJOE71A0BZ20110211

    http://www.cnbc.com/id/38451750/

    How can ANYBODY consider Ireland a bigger risk than Egypt when lending money? Does the European Union mean nothing? Greece faces bigger risks than Egypt? What scale is used to measure risk?

    What sayest thou?

    -gastropod
     
  2. olias

    olias

    no it won't. Sorry I can't add more
     
  3. S2007S

    S2007S

    No need to worry, if they saved it before they will keep saving it again, remember as I always say there is no such thing as failure and that failure is actually rewarded in america.