Might the so-called “Worst-case scenario” actually be the BEST-case scenario?…

It’s S’s over N’s to start off the week.  Most traders seem relieved about whatever the latest wealth redistribution from the masses to the banking system that the powers that be in the EU have come up with.  The Germans complain that they’re bailing out Greece, but the only people being bailed out are the big banks, including Germany’s and France’s in this case.  Whatever, let’s not get lost in the weeds.  As I’ll continually remind you — the world’s stock markets are DOWN not UP since the EU and the Euro were founded.  The framework of government in Europe doesn’t matter to the long-term fundamentals of most of our country’s biggest companies, other than those that truly are Europe-dominant in their customer base. And even those would be much better off were the EU to break apart and the huge banking welfare/government system that they’ve used to create the tragic kleptocracy that we’ve seenn develop there in the last ten years. (Much like the destructive ramifications of the ongoing bank-welfare system that our both parties mistakenly call “American capitalism” these days.)

The point is — might the so-called “Worst-case scenario” of a collapse to the EU and the Euro actually be the BEST-case scenario?  Might demand in Greece not recover faster were it to leave the EU and leave it fast?  See Iceland vs Ireland for more.  Iceland didn’t bail out Europe’s banks that had bought all the crap the Iceland banks had been peddling.  They’re not back booming, with a growing economy and plenty of access to global capital at low rates.  Ireland? They, like Greece, Italy, Spain, et al (including the US) keep coming up with new gimmicks of wealth transfer that keep the owners and managers who destroyed their own companies with stupid/negligent/greedy/corrupt business practices and politicians they fund in power.  Instead of taking the losses, forcing out the bad and bringing in fresh new management to allocate capital.  (You know, like they’re supposed to do in that “American Capitalism” system that no longer exists.)

I’m not making any big moves to start off the week.  I bought a little VC, Visteon, common stock.  Not a big purchase, but the stock is down a bunch since we did our first tranche and it’s time to add another little bit of common in this one.