The Back Burner Still Throws Off Heat
OK, cool to ignore the euro, I get that. I can see that 7% Italian bonds, something that sent us down 400 points before, now have been accepted as a level that's not a real killer.
But how many things can we ignore at one time? Do we decide that Hungarian bonds at 9% don't matter? Is that Peru or something? Do we decide that the Spanish bank capital raise is really going to be easier than the UniCredit capital raise? Do we suck it up and avert our eyes at the coming hundreds of billions of dollars in European bond auctions?...268 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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