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GMO White Paper - The Pain in Spain
Posted by: CanadianValue (IP Logged)
Date: July 13, 2012 09:35AM
How many years will it be until we can look back on the European mess and think of it as just a bump on the road?
Because that is all it is going to be for long-term investors: nothing but noise on a long journey.
Buffett said this week that 10 years from now Europe will be operating fine. He doesn't know if the euro will still exist, but at some point things will get better.
But while we endure the daily annoyance that Europe has become we might as well understand it.
Here is a GMO look at Spain:
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