Excerpt of report by UBS analyst Larry Hatheway: Simply put, linear thinking doesn’t work in a non-linear world. And break-up is likely to produce a very non-linear set of outcomes.
Which brings me, lastly, to the question I sometimes get about what is the ‘right’ asset allocation in the event of break-up.
I suppose there might be some assets worthy of consideration—precious metals, for example. But other metals would make wise investments, too. Among them tinned goods and small calibre weapons.
Break-up runs the risk of becoming one wretched scenario. Sadly, however, it can’t be ruled out, just as it would have been improper to rule out the horrors of the first half of the 20th century before they happened.
But it is very hard to see break-up as a solution. Let’s hope Europe’s politicians and policymakers agree and take action this week to fix what is broken before itall really breaks up.
Read the entire editorial at Zero Hedge.
Vic Rantala is owner of Safecastle LLC, crisis preparedness provider. Emergency storage food such as Mountain House freeze dried foods, Safecastle steel-plate shelters and saferooms, and other unique survival gear solutions are available at www.safecastle.com
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