Trouble in Paradise

Not good.

The Euro and the Mainstream Media

Here is a comprehensive if not overly pessimistic piece on Greece, the euro and the current state of global debt.

I'm a bit disturbed by the lack of mainstream media attention to this issue. I receive virtually all of my news from Yahoo! Finance and Bloomberg.com, but will periodically check CNN.com and other similar sites to get a more bird's-eye view. There has been nothing on these sites about this issue. I find it eerily reminiscent of mid-2008 period when things stared heating up and most journalists were not attempting to get to the bottom of anything but instead screaming, "What the hell is going on!" and "This is what's going on this is whose fault it is!"

I understand the MSM's hesitation to get involved. It is a very complex, complicated issue, is quite technical and probably boring to most people, and doesn't, as of this moment, directly affect Americans, unlike say the fall of Lehman and Bear.

But that doesn't erase the fact this is an extremely serious situation that deserves attention. If you are looking for more info, the blogosphere has been doing an excellent job over the past few months.