Bankruptcy

Triggers of US Upheaval

By mcbride

One author has reported that if the US economy experiences a precipitous drop, the trigger for such action could be some event seemingly unrelated event in a smaller European country.  ?If the trouble starts — and it remains an “if” — the trigger may well be obscure to the concerns of most Americans: a missed budget projection by the Spanish government, the failure of Greece to hit a deficit-reduction target, a drop in Ireland’s economic output.  But the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals.? 

Here is a link: http://www.washingtonpost.com/wp-dyn/content/article/2010/05/23/AR2010052304170.html

Michael

Full post as published by Texas Lawyer Blog on May 24, 2010 (boomark / email).