Monday, February 6, 2012

Greece has No Idea What It's Gotten Itself Into

Graham’s note: the following is an excerpt from a recent issue of my Private Wealth Advisory newsletter with some additional research I did on the economy of Greece.

The Greeks have no idea what they’ve gotten themselves into.

A few facts about Greece…

First off, demographics wise, Greece is a disaster.

Real Clear Markets shares the following facts.


Greece’s fertility rate is 1.3 children per women. This is nearly a full child below the “replacement

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