TJ, Egypt is a huge problem, 82 million growing at 2% a year more or less, no real industry or natural resources, agriculture tied to the Nile and obviously weather, upstream using more and more Nile water.
Education penetration very low, people higher education cannot find adequate jobs, and fanatics slowly tacking over instilling false hopes which end in despair add to this the cultural stresses between W. World life style and Fundamental Islam and personal pride and ability to establish a family and you do not even need an atomic bomb for total destruction.
Unfortunate this is not a problem only of Egypt but for most of the Islamic world, except that some countries are lucky as they have natural resources.
The only solution is Mao type population control or your dire dreams come true
That's what it was Haim , their inventory back log was 26% i believe & dire sales across Europe, they offer popular line of watches which have a aged antiqued fossil look to them , more natural looking & a line of apparel too thats been popular .
LULU came roaring back , in fact many well selected stocks returned 10-15% off todays early lows , still have Facebook IPO coming & related stocks like LNKD responded with 10pt bounce .
IMHO based on the fact that Greece is already counted as leaving the Euro and default, and EIB and ECB will get more involved, it is time to buy stocks and debentures in the EU in companies that are more "national " connected. Germany is doing just fine and France with Hollande will roll back his rhetoric.
Big money is out of the EU market and everyone is dead negative on Europe, therefore for the real investor that can relate to fundamentals and a 2 to 3 year horizon Europe may start to be interesting.
Depressed Utilities and infrastructure type of companies should be interesting
Lower energy prices (mostly NG) will help Europe more than the US as the US already enjoys low NG prices.
I do not see Europe getting much worse and Greece leaving will be a blessing as it offers a defined amount of loss to those invested and stop hemorrhaging funds from Europe
As chances of BO to be re-elected are high and a ME instability is growing US will lose its luster (be more like socialist Europe) and EU may have substantial funds inflows for political and economic reason as a result of stabilization