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Massive European Bailout On The Way & Dow 24,000??

Will Greece and Lehman Brothers Share the Same Fate?? As I tweeted (@kherriage) last week, letting Greece leave the eurozone would be like the FED allowing Lehman Brothers to go bankrupt in September, 2008...oh wait...that actuall ...

Posted On February 17, 20157 MIN Read
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Will Greece and Lehman Brothers Share the Same Fate??

As I tweeted (@kherriage) last week, letting Greece leave the eurozone would be like the FED allowing Lehman Brothers to go bankrupt in September, 2008...oh wait...that actually happened (and we know the economic carnage that followed).

While recognizing that anything is possible, I've been on record for the last couple of years as saying that there is little to no chance that Greece will leave the eurozone...or what is being widely referred to as a "Grexit" (Greek exit).

I can list lots of incredibly important reasons why this could become a black swan event…like: Portugal would be the next country to leave (followed by Italy and Spain)...or the nightmare reality of a $350 billion Greek sovereign debt default (80% owned by other European banks), and yes, the memory of the global panic that followed Lehman's bankruptcy.

But there is one primary reason why Greece will remain one of 19 European members that commonly use one curr...

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