I do a whole lot of research each week trying to discern the machinations of these volatile equity markets. Most of what I read is basic information designed to give me the facts I need to make an informed judgment. Of course, I also read what others have to say about where they see the markets, the economy, politics, etc.

I have to admit that most of what I read out there is at best mediocre, and at worst downright awful. But every once in a while, I come across a very provocative piece that turns a learned eye on a complex issue and actually makes very good sense of it all.

Such was the case on Monday when I read an outstanding article on the Web site Minyanville, written by James Kostohryz. In his piece, titled “Could Europe Bring the US Down With It?” Kostohryz outlines the negative and the positive aspects (yes, there are some positives) of the European financial crisis as it relates to the United States. The piece is relatively short, and I assure you it is well worth the five minutes or so it takes to read.

In addition to bringing up the pros and cons of the European situation, the author offers his thoughtful opinion about what the crisis means for U.S. investors. Here’s an extremely well-written paragraph that gives you an idea of just how thoughtful this article really is:

“Exactly how all of these complex, conflicting, and interacting forces will ultimately play out in terms of US GDP growth is difficult to predict. Overall, based on measurable economic criteria, I believe there are substantial reasons to be relatively sanguine about the prospects for the ongoing US economic recovery to be able to withstand the negative economic, financial, and psychological shocks that could emanate from a crisis in Europe.”

Now that, in my opinion, is enough to make this a must-read article.