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Europe: Taking the Path Blazed by the U.S. with Similar Consequences to Come

After the threat of a continued sell-off in the global capital markets, leaders of the EU, IMF (and most likely members of the White House) arranged an emergency bailout fund to calm the markets.

Today, Wall Street is celebrating the news of a proposed $1 trillion bailout for European nations in danger of defaulting on sovereign debt. 

Do not be fooled.

This news should only be taken as a temporary sign of relief. You should use this temporary momentum to extract money from the sheep while you can because the good times aren't going to last.


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