Quote:
Originally Posted by 2BNTV
I don't understand how some country's small economies have such an effect on our very large economy? I guess that's why I use a financial advisor.
I agree what goes on in other parts of the world sometimes affect out market values adversely.
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There are many reasons, but one that should be fairly easy to understand is the failure of a smaller economy in Europe effects the banking system in many different ways and would most likely lead to the failure of some banks which would lead to the failure of more banks which continues to snowball until you have a meltdown. Think of the old weak link in a chain