What does the collapse of Euro means to the rest of the world?
A cascading effect that will flood the USA, Asia and the rest of the world with bad news, interest rate hike, company restructuring, retrenchment followed by a collapse of the car resale market, stock market, housing market and bond market. Usually, the stock market will react followed by real economy like car resale market, bond market and housing market. This is similar to a household deleveraging. What are the items to be sold first? First in line is stock, bonds, cars, boats and lastly houses.
I hope that the process will be quick and painless for many people though I doubt so. God bless us.
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