The sovereign debt crisis in Greece is rapidly spreading to much of the rest of Europe. In addition to Greece, Portugal, Spain and Ireland, Italy is now in question. Italy has the third largest bond market on earth behind the US and Japan. Today I bring you a sobering assessment of the European debt crisis from our old friends at Stratfor.com, which is one of the most alarming analyses I have ever read from them. I also bring you an even more alarming evaluation from GaveKal Research, a leading forecaster based in Hong Kong.
The bottom line is that another global financial crisis may be just around the corner, in weeks or months, and I believe this could spark the next major bear market in the US and global stock markets. I suggest you read today's E-Letter very carefully and begin to think about what you need to do to protect your investment portfolio and your retirement nestegg. Time may be very short as events in Europe are unfolding very rapidly, and no one knows for sure what will happen next. This may be one of the most timely E-Letters I have ever written.
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