by Jeff D. Opdyke
The Sovereign Investor
Geese and ganders and pots and kettles and all that.
Remember all that rigmarole about the death of the euro back in the heady days of the Greek debt crisis? All that talk that the euro was doomed to fail because it wrapped its politically correct and antiseptic currency around a gaggle of nations that had little in common, save for continental boundaries.
How could a collection of random economies, in countries that have spent much of their history beating each other senseless, possibly survive under one interest-rate regime? What’s good for manufacturing-heavy Germany is horrible for tourism-dependent Greece. And what might be great for the Greeks would surely send Germans into a fit of hyperinflationary hysteria.
Well, that’s the goose.