US Morphs into Greece, Financially

 Insolvency, spending, taxes  Tagged with: , , ,
Nov 292009
 

greece5086greece-mapsOne possibility of where the US is headed. The Seeking Alpha article below should probably be read after reading Spiraling to Bankruptcy

What Will the U.S. Economy Look Like in 10 Years? Look to Greece by TraderMark

“I’ve been reading quite a bit of handwringing over Greece in the UK papers, and came upon this piece from one of my favorite writers, Ambrose Evans-Pritchard, early this week. … As you read this, feel free to replace the word ‘Greece’ with ‘America’ and ’2009/2010′ with ’2022-2025′”… More »

My guess is that the time frame of “2022 – 2025″ is way too optimistic. It is difficult to imagine that we can survive that long given our present situation.

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  3 Responses to “US Morphs into Greece, Financially”

  1. pharmacy technician says:
    December 2, 2009 at 1:40 am

    Nice post & nice blog. I love both.