On Sunday Greece will hold the most important elections in at least 50 years to decide if it is going to leave the ECU. Investors around the world will have their eyes turned toward the cradle of democracy for the potential fallout.
On Friday the Obama administration said that they were fully prepared to react to the possible crisis that the Greek elections could bring to the ECU, and the aftershocks that could spread throughout the world’s financial systems.
The day before the Bank of England told the world that they were in a position to “flood the banking system with cheap money” that would be used as a shock absorber for citizens of the UK.
So what will happen if Greece decides to leave the ECU?
Is there any way to measure the possible fallout?
Yes there is and we can look to the United States for a comparison of what is happening in Europe.
The state of Indiana represents about the same size economically to the value of the US GDP as Greece is to the ECU. So we can make a valid comparison.
What would happen if the state of Indiana were to default on its debt?
There would probably be some initial heartburn and the commentators on the financial news networks would have a field day, but after the dust cleared and the people who lost their money reevaluated their capital structure most likely the market mechanism would allow for the capital to readjust and we would go on.
Would an event like this give us opportunity? Yes of course it would, reacting to what the market is telling us to do always represents opportunity.
I can help you to learn to react to the market. Reacting to the market will give you the edge you need to turn potential problems into opportunity.
I have taught scores of students the skill to turn turmoil into opportunity and I can teach you too. To reach me and have me teach you one on one, you can contact one of my financial consultants by clicking here:
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As Always,
Keep those stops tight.
Todd “Bubba” Horwitz
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