I can’t think of any other time that so many sovereign countries have been near default.

Here is a tally of countries that are in trouble (not necessarily default) and there are probably more:

Iceland
Spain
Portugal
Greece
Ukraine
Hungary
Italy
Ireland
UK
Dubai
Japan
Germany

There is said to be a housing bubble forming in China and some say they cook their books for everything.

The U.S. has a mountain of problems in real estate, finance, health care, social security, unemployment, shrinking manufacturing, wars, homelessness, immigration, lobbyists and the government.

I am pretty optimistic in general and consider myself to be realistic but this just doesn’t look good and to spin it any other way…I just don’t know how you can do it. I believe the future will be okay but not anytime soon.

What a Sovereign-Debt Crisis Could Mean for You
http://online.wsj.com/article/SB10001424052748703323704574602030789251824.html

I don’t see how sentiment could be good.

- Temporalist

Related Posts:

• There is no “fix” to this. We have to rebuild from the ground up and millions are going to lose everything and suffer for a long time.
• While we are in a depression, don’t confuse that with what the market will do.
• The bloodbath has just started tomorrow
• Warning: The imminent global sovereign debt explosion
• Must-Know News - March 02 “Massive’ state layoffs are COMING!”

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