Brian Sozzi Disccuses Economic Debt Problems Around The World

Brian Sozzi of Wall Street Strategies is out with a research report on the sovereign debt situation in Greece, as well as economic issues here at home.

In his note, Sozzi writes, "It's time for uncertainty to gain another meaning, a very specific one that is hitched to the back of our domestic economy. While the President's latest infrastructure initiative will create jobs at some point in 2012 if it's passed by Congress, in the immediate future there is uncertainty attached to actual jobs being done as we speak."

In his note, Sozzi goes on to to talk about the various laws that are up for re-authorization by September 30, some $767 billion. The two largest bills are the Post Office and the FAA, but Sozzi also notes that the Surface Transportation Bill deserves attention. He notes that there is the chance that if the bills do not get re-authorized, there is the strong potential for a negative economic impact.

Sozzi concludes his note by saying, "In an economy struggling to swim away from the great white shark known as the 2008 financial crisis, little things if left unresolved by elected leaders add up in a negative manner."