Live Spanish Protestcam
As we observed earlier, Spain, whose YTD expenditures are now nearly 10% greater than last year, has yet to implement any austerity (dear Spanish readers, if your standard of living has gone down it has nothing to do with less government spending, and everything to do with corruption and incompetent politicians). Yet even so, the locals (who at 24% unemployment have quite a bit of free time on their hands) are quite unhappy, and as Art Cashin observed earlier, are "occupying congress" or otherwise indicating their displeasure with the world. Those who wish to follow the major Spanish protest currently underway in Madrid, can do so here.
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