3/20/2009

Things you don't need to know......

A financial blog called omnivoracious is touting a book about the current situation called Lords of Finance: The Bankers Who Broke the World that is rocketing to the top of the best seller lists that might interest you. A focus on Europe is interesting. During the real estate bubble years, the 13 countries of Eastern Europe that were once part of the Soviet empire had their own bubble. They now owe a gigantic $1.3 trillion dollars, much of which they won’t be able to pay. The burden will have to fall on the tax payers of Western Europe, especially Germany and France. Just one of a ton of info that might enlighten you......

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