The 3 Financial Shocks of 2012

Three quick thoughts: 1) Europe will muddle through. The US is far too concerned with the Euro situation, far more so than amongst Europeans. Merkel has committed to the survival of the Euro and it is most certainly to Germany's to have the Euro succeed. 2) Let's all hope that Iran does indeed develop a nuclear weapon to give some balance to the overreaching Israelis who love to push their weigh around while occupying the land of others. A nuclear Iran would at least somewhat isolate it from the daily threats from Israel and the US, the latter having seemingly never recovered from the overthrow of their handpicked Iranian dictator. 3) The Bush tax cuts need to expire so that the US can get back to some semblance of a reasonable federal revenue stream. Congress and the President can always pass new tax cuts for the people who genuinely need them, if they can find the courage to do so.

HJP23 of TX 1:30AM December 20, 2011