eurozone will collapse this year, says nouriel, page-2

Hi El,

It probably will, but it's really a can of worms.

If the Eurozone collapses, so does the Euro.

Both China and the USA have large markets for their products in Europe ... but if the Euro falls/collapses they both lose those markets since their currencies/price of their exported goods will skyrocket on a relative basis.

So what does that do to China and the USA - particularly the USA?

There's no good solution, only painful ones.

jmo


dub