What Greece & Radio Shack have in common, Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty, Applying History

Episode 83:  No one wants to buy what Greece and Radio Shack are selling.  Greece survives on European sponsored extortion subsidies/guarantees.  Radio Shack has been sustained by access to cheap credit.

Greece may go bankrupt but they will survive.  Radio Shack has no future.

Neither’s bankruptcy would prompt a financial meltdown.  Greece is too small, it would take Italy, Spain, or Portugal to throw Europe into a crisis.  Likewise, Radio Shack’s vacant US retail space will eventually be absorbed but watch out if Sears, JCPenney, Barnes&Noble, and Office Depot all shut down.

Greek drama will ripple the markets over the coming weeks and months but it won’t collapse the Euro.

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