Archive - Jun 19, 2012 - Blog entry

CrownThomas's picture

ZH Evening Wrap Up 6/19/12





Some news & headlines from the day

 

williambanzai7's picture

THe 25 MoST DaNGeRouS PeoPLe In FiNaNCiaL MeDiA





The enemies of my enemies are my best friends...

 

Reggie Middleton's picture

You Have Not Known Pain Until You've Tried To Limit The Borrowing Costs of Spain!!!





What the MSM is missing is that Spain's failings make this real. Spain is big enough to bring down the whole shebang, right now, and its banks cannot be salvaged with just a hundred billion or so.

 

Phoenix Capital Research's picture

Spain is Now Facing a Banking Crisis and a Sovereign Crisis At the Same Time





 

 Spain is toast. I’ve already assessed that none of the key players (the IMF, the ECB, the EFSF, or the ESM) has the firepower to prop up Spain whose real capital needs are more in the ballpark of €300 billion -€500 billion. Thus, it’s GAME OVER for the EU. Sure it may take a while for this to manifest as politicians offer various hair-brained schemes to attempt to put off the inevitable debt collapse, but that debt collapse is coming and it will hit before the end of 2012.

 

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