Tuesday, April 10, 2012

Will Imperfect EU's debt crisis derail US economic rally?



Ten European countries are in recession and three have needed bailouts to avoid default. How could this impact the U.S. economy? (From CBS, 60 Minutes)

BTW, US stocks on Tuesday had its fifth straight losing day, marking the worst streak since last August.

1 comment:

Ryan O said...

This will absolutely affect our country for the worse. During the Great Depression, the economic turmoil in the U.S. had a significant impact on global markets. It was so severe, in fact, that there was an "economic depression" felt by almost all nations of the world. Today we are more connected than ever. With Europe as one of our leading trade partners, I think the current EU crisis will only spell disaster in the coming years.