patrick.net
An Antidote to Corporate Media
1,364,613 comments by 15,736 users - Ceffer, HANrongli online now
Comments 1 - 3 of 17 Next » Last » Search these comments
1
pkennedy
@
2011 Nov 22, 5:44am
Aside from losses of money invested over there, if the Euro was to start collapsing in value, imports/exports could swing, which could be bad.
3
DrPepper
@
2011 Nov 22, 11:53am
John public runs the risk of waking up one day and finding their financial instution of choice bankrupt beacuse of exposure or bad debts to Europe. If the IMF ends up bankrolling more bailouts then American tax payers will get to pony up.
It all depends on how the crisis unfolds and how the debt is handled.
Comments 1 - 3 of 17 Next » Last » Search these comments
http://www.cnbc.com/id/45336180/European_Debt_Crisis_Unlikely_to_Impact_US_Fed_s_Bullard
I've heard a lot about the Greece debt crisis adversely affecting the stabilization of the Euro, but how does that affect me here in the United States. Sure I understand some people probably have 100's of billions invested Europe and they could take some big losses, but how does that impact John Q. Public here in the United States? The Stock market will certainly take another tumble downward, exports to Europe will suffer, but I hardly think it's time to run around and scream the sky is falling.
Can someone explain to me why I should care?