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Cavuto: We're Bad, But Europe's Worse

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Here's the deal:

The whole world is clueless.

It's why every major market fell big time today.

It's why our own Dow tumbled below 10,000 for the first time in more than four years today.

We...they...got the message today. Our cold is now the world's pneumonia.

And I'm here to report, it's not just us.

Not just our banks.

And our markets.

Not just our insurance companies.

And finance stocks.

It's theirs too.

In fact, if you can believe it, as bad as we are, the rest of the world is worse.

Here's why:

We've owned up to our problems...they're just beginning to grasp theirs.

We've come up with a solution, as ridiculous as I find it, they don't even know where to look.

Nowhere was and is that more obvious than in Europe.

And the vaunted European Union.

An amalgam of states that would in time, economically destroy the united states.

One minor detail.

There is no central mechanism in those European states to deal with those states' problems.

Which means every state is kinda on its own.

Ireland rescues its own banks.

To which the EU says P-U...But can't do a damn thing.

No wonder the Euro falls and the dollar rises.

Which is kind of the world's crazy way of saying, "we" matter...And "they" don't.

No wonder the French...are fried.

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