Mort Zuckerman: Why America Should Worry About the Euro Crisis

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good letter

sam woodley of GA 10:10AM January 05, 2012

Those lazy Europeans have no one else to blame themselves! 35 hours work week, 2 months paid vacation, retirement at 50, and free healthcare. Their Socialist paradise meets reality of hell.

David of CA 7:40PM December 19, 2011

John Katz
We already lost our AAA by Standard & Poor. Some Countries not using USA $$$ as stardard...
obuma behind our back loaned $$$ trillions to foreign banks. Countries over there talking about paying 50 cents on the dollar of their debt. Does America drop to "A" rating or lower if banks pay us back 1/2 of loan or less ?
I thought AMERICAN JOBS was # 1 in obuma's book ??? Not bankrupting U.S.A...
“Secret Federal Reserve System data released December 1 reveals that the banking cartel (the Fed and its member banks) bailed itself out to the tune of more than $10 tri"Fed Data Reveals Trillions in Bailouts to Big Foreign Banks"llion in “emergency” funds, with trillions more going to line the pockets of big European and foreign banks"
"The $700 billion Wall Street bailout turned out to be pocket change compared to trillions and trillions of dollars in near zero interest loans and other financial arrangements that the Federal Reserve doled out to every major financial institution," said self-described socialist Senator Sanders after learning about the Fed data.”
http://www.thenewamerican.com/economy/sectors-mainmenu-46/5371-fed-data-reveals-trillions-in-bailouts-to-big-foreign-banks

Bill Hedges of MO 9:48PM December 14, 2011

As the $ is better positioned than the euro or the yen it's again being seen as the world's default safe currency. But confidence can't be taken for
granted.
In a fiat monetary system national debt can be expanded almost without limit as long as creditors have confidence the state is on track to meet current and long term commitments. In a recent FT article Kenneth Rogoff looked beyond confidence and addressed credibility, commenting. 'At the root of today’s credibility deficit is a failure to come to grips with the long, slow growth period that is typical of post-financial crisis recovery.'
If politicians and policy makers find the formula to speed up growth while retaining domestic and foreign confidence there is a chance stability can be restored to the global economy. But at this stage we can't take anything for granted - except informed comment. Your article draws attention to the key issues. But restoring credibility will be challenging.

John Katz 3:53PM December 14, 2011

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jay of AL 10:53AM December 14, 2011