Episode 83: No one wants to buy what Greece and Radio Shack are selling. Greece survives on European sponsored extortion subsidies/guarantees. Radio Shack has been sustained by access to cheap credit.
Greece may go bankrupt but they will survive. Radio Shack has no future.
Neither’s bankruptcy would prompt a financial meltdown. Greece is too small, it would take Italy, Spain, or Portugal to throw Europe into a crisis. Likewise, Radio Shack’s vacant US retail space will eventually be absorbed but watch out if Sears, JCPenney, Barnes&Noble, and Office Depot all shut down.
Greek drama will ripple the markets over the coming weeks and months but it won’t collapse the Euro.
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