Europe’s Safe Havens Are History

Like I told you last month, European unity was always an illusion. Now the crisis is entering a new and more ominous phase. What about Greece? Whether you call it “default” or something else, the facts are the same: Greece and other nations cannot repay their debts. That money doesn’t exist anymore. It’s gone. I expect more twists and plenty of market action in the coming weeks. What should ETF investors do? Short-term trading is extremely difficult in this environment, but here are some points to remember … Point #1: The Euro Currency Is at a Crossroads Europeans are facing an uncomfortable truth: They can’t have a common currency and independent governments! Incentivizing weaker nations to spend while . . . → Read More: Europe’s Safe Havens Are History