Europe Implodes News Today

But are holding it back because i think that they see a lot of uncertainty. if europe implodes, if greece decides not to be part of the eurozone, i think there is a lot of concern that there could be economic consequences coming out of europe. but also, not only is president obama trying to explain whats going on in europe, as he has mentioned in that white house press conference today, hes trying to do everything he can to convince european leaders to be sure theyre acting, and right now. >> ma...

Political kind of bumbling and stumbling through over there. i dont think that, i think our best home there is that at its worst, we dont know how its going to break. but at its worst that could shave a point off gdp growth here. thats just my sort of, forecast based on what i see out there so far. thats not a good thing. in fact its quite a bad thing. but thats not recessionary here. its a little bit too close, though. >> your thoughts, ron, on the same issue? >> i think, i agree with jared, al...

whose ipod is that? >> i dont know. >> susan, its yours? >> contributing editor to "van ""vanity fair"." >> oh, its lady gaga, oh, thats my ipod. welcome. welcome as we put you on the spot right abap its nice to have you. good morning. will cain is on your right, my left nice to see, you will cain. we spent the weekend together, as i did with roland martin. >> yes, we did. >> doing election coverage this weekend. nice to have you guys. appreciate it. president obamas re-election hopes ...

The greek pension system -- >> right. >> and whether elderly greek people were going to keep their commitments to the retirement system, they had no idea that this is what they were going to be dealing with. >> i was talking to some people on wall street yesterday, analysts about the jobs numbers and said, you know, whats your story for why this is happening now? and one of them -- one of them made the point, you know, the japanese tsunami had a huge effect on global supply chains, inventories. ...

Affect on global supply chains, on inventories. it was hard to kind of for all of us to get our heads around it. i remember hearing the white house talking about it and think it was excuse-making, frankly. well, i dont know. but actually it had a big affect. theres almost a jobian story to the economy. every time it seems to turn the corner there is the debt ceiling and the tsunami. if europe implodes in the next six months, were back to square one. >> thats out of his control. >> tensions with ...

Mcfarland. these reports always seem vaguely scary but deeply bewill derring. you end up getting these snatches of phrases, greece, aus stairry, riots, u roezone. they talk about the acronym for portugal, greece, and spain, p.i.g.s. it is hard to figure out why the folks are freaking out. i am here to tell you it is with good reason. we are teetering on the precipice of what could be another great depression, an economic crisis that would make what we are going through now look like the roaring ...