Denninger has it right as rain.
It Didn't Work (Again)
It Didn't Work (Again)
Once again it didn't work.
Last night Greece "apparently" voted to (somehow) keep to "the program" and not immediately toss all the bonds they have issued into the paper shredder and send the pieces to Merkel.
It didn't matter. Spain's bond yields continued to rise this morning, are at this point over 7% and the overnight rally in the futures disappeared.
There's a not-so-silent bank run in Greece. This will spread.
Want to know more??? Yes You Do!!! Read here... and here...
Last night Greece "apparently" voted to (somehow) keep to "the program" and not immediately toss all the bonds they have issued into the paper shredder and send the pieces to Merkel.
It didn't matter. Spain's bond yields continued to rise this morning, are at this point over 7% and the overnight rally in the futures disappeared.
There's a not-so-silent bank run in Greece. This will spread.
Want to know more??? Yes You Do!!! Read here... and here...
No comments:
Post a Comment
waddaya think?