1. Greek banks get nationalized
This is underway in the USA already. One small law after another has been passed, to the point where non-Freddie and non-Fanny banks can't even issue
loans in many cases. In rural areas loaning is going grey-market, made between individuals, because the locals don't want to go to non-local banks,
and the small local banks can't make the loans anymore.
7. Ireland & Portugal walk away
Ireland can't afford to walk away. EU money is the only reason Ireland hasn't gone belly-up.
8. ECB Crisis
I'm sure they'll use inflation & manipulate the markets just like the US fed does. They won't go down without a big fight.
9. Political crisis in Germany
This would affect one politician. I don't see anything major coming of this beyond German elections.
10. US consumers hit the mattresses
It would be about danged time. Overspending at EVERY level of personal & public policy is the crux of the whole problem. We don't hold ourselves
accountable, so we have no idea what it means to hold our governments accountable.
11. Politicians say "don't panic"
12. Protectionism arises
This could be a good thing. I see lots of pluses here. Sucks if you're China, but...
13. Hard landing for China
"Years of over-investment in housing & infrastructure... are revealed to be costly mistakes." Oh, noes! China will have to learn the lessons we're
14. US will keep raising the debt ceiling
I have no doubt this will keep happening. But hey - if the government brings itself down, it will save a lot of patriots a lot of hard work...
What an Orwellian ending!
15. Someone will get rich off the whole thing
Of course they will!
Sorry, I think this is all a little - silly, really. It's vague and obvious and just regurgitating other scary news stories.