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Tuesday, August 17, 2010

World Economic Condition Summed Up

I saw these two videos posted on the Market Ticker and wanted to ensure everybody got the benefit from them.  Kyle Bass seems to have a good grasp on the fact that we are going to need a global restructuring.  The other two from CNBC don't seem to really get it. Also interesting are the statements Kyle makes about bonds.

The second video is really enlightening about the stress tests done by the European banks.  Seems like the European Union really has their eyes closed on this roller coaster or more likely trying to keep a lid on things and try to take care of them under the covers so the Euro doesn't take another big hit.

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