Med charts
These four charts says it all pretty perfectly.
Europe ain’t what it used to be.
Click for larger chart.
Courtesy Scott Barber.
Rates and spreads exploding
If you just woke up. Italian rates are spiking above 7%. Spanish rates are joining. Don’t forget, it didn’t take many weeks with rates above 7%, before the other PIIGS asked for bail outs. The contagion is spreading to other countries. Belgium joining the party…. France next?
Silvio come back.
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