Greek Default and a World Without Big Banks
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (TheStreet) -- For many years, a widely circulated cliché in the West was that in China's predominant dialect, the symbol/word for "crisis" represented both "danger" and "opportunity." While it is now generally agreed by linguists that this is a fallacious interpretation, that does not detract in any way from the obvious wisdom inherent in the myth.
It is one of our collective vices as human beings that we can often only be motivated into (re)action when threatened with some sort of crisis. In this respect, it becomes obvious that while a crisis confronts us with "danger" in one form or another that it is also a "window of opportunity" for some positive action in dealing with one or more serious problems.
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