Tuesday, March 22, 2011

Was Greece Just Nuked?

by James Altucher

Business Insider

March 21, 2011

Where did Greece go? I couldn’t find it on the map of the world this morning. I have a globe and I spun it around. No Greece. I opened up the newspaper. Read it cover to cover. No Greece. I tried calling some friends over there. But I couldn’t even remember their names or their numbers. Its as if they never existed.

I vaguely remember back last May. It was another world. I was moving from Manhattan to a place in the country, right by the Hudson River, so I can relax a little bit more. Not get so stressed. Greece was getting to me back then. It was in the headlines every day.

“The Greece Contagion.” Nouriel Roubini (or some Roubini-like pundit) said the “debt contagion” was going to spread across Europe. Spread across the Atlantic (they have boats for this sort of thing), and topple every state into bankruptcy, every small town and village, every little mom and pop bank, and even some of the bigger ones.

Every was scared. The media and the pundits fed us panic and fear every day. We were little children eating out of their hands. I sold some stocks. I had to. I was scared. Greece maybe caused the “flash crash” as well. The world was falling apart.

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