That kaboom last week...was a fire cracker.Someone just set off the figurative nuclear blast.
It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden | ZeroHedge
Dow Jones just hitting the tape referencing Spiegel
If Germany is now against this, which appears to be the case, it pretty much means, well, game over.
Add the uncerainty over the unwind of the Europe rescue "gamechanger" as one of the more naive CNBC anchors said yesterday, and Monday is now guaranteed to be a bloodbath.
Monday the dollar rallies.Tuesday QE3 announced.Stocks and commodities rally like there is not going to be a tomorrow.The inflation you feel...not to worry the Federal Reserve says it does not exist.
It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden | ZeroHedge
Dow Jones just hitting the tape referencing Spiegel
- German Govt: Italy Too Big For EFSF To Save - Spiegel
- German Govt: Doubts Whether Tripling EFSF Would Help It Save Italy
- German Govt: Italy Must Make Savings, Reforms To Exit Crisis - Spiegel
- Italy Debt Guarantee Could Raise Doubts Over Germany's Finances - Spiegel
- German Govt: EFSF Should Only Help Small, Mid-Size Countries - Spiegel
If Germany is now against this, which appears to be the case, it pretty much means, well, game over.
Add the uncerainty over the unwind of the Europe rescue "gamechanger" as one of the more naive CNBC anchors said yesterday, and Monday is now guaranteed to be a bloodbath.
Monday the dollar rallies.Tuesday QE3 announced.Stocks and commodities rally like there is not going to be a tomorrow.The inflation you feel...not to worry the Federal Reserve says it does not exist.