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European Bank Risk Spikes Most In 5 Years To 19-Month Highs
Europe's Senior Financial credit index traded a stunning 20bps wider at the open to 97bps before giving a little back and holding at around 90bps. This is the biggest spike in European bank risk since May 2010... and is the highest level of risk since December 2013.
Is faith in central bank omnipotence faltering?
Charts: Bloomberg
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"Is faith in central bank omnipotence faltering?"
God please, let it be so
"Place not your faith in kings" or their bankers either......
Does a bear re-hypothecate in the woods ?
Why did Europe back the US Empire with its warmongering? What did they think would happen?
https://biblicisminstitute.wordpress.com/2015/06/25/warmongering-vs-econ...
Wall street is fuckiing over it's cousin's across the pond nicely.Either China or the EU but no way the Wall Street establishment has anything to do with the coming crash.
Nothing. Halo's' on their fuckiing heads.And if this is the "not yet" action, I wonder what we will see this Sept.Oct, which time/date seems to have been set in people's mind (including my own) as when it all goes down.
What might be a big enough event to change the tide?
I might have a clue.....
The breakout on that bank risk chart is the beginning of something big...
Failure to DEMAND the Athens Stock Exchange open is a MAJOR policy blunder in my view.
So VERY European though. "We will pay you NOTHING!"
Really?
I can't even get a price on a worthless piece of paper call "Greek Yogurt Express"?
Ridiculous.
.... the only prescription is more cowbell.
"More goat" is more like it...