I hear often now the question of whether the US will be able to bear an EU debt default.
The answer to that is "NO". Reason why? That is simple.
If the EU defaults on its debt the crisis will become a World crisis - many others will be affected by it, and the US cannot bear the weight of such a crisis.
It is not the end of the world by any means, but things on the economic front will change dramatically.
Is Europe getting ready to default? I think that many banking entities are getting position just for the occasion. Why would those banks be doing so if they thought there is no need for it?
I believe the possibility is imminent.
Where would you position yourself in case this happens? Oil, and agricultural related stocks will do well into the future as the demand for energy and food will continue to grow while the availability of both of those will be more scarce.
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