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"....aaaaaaaaand it's gone. All of it." - Courtesy of your friendly neighbourhood S&P
Morning Everyone,
French banking system collapsed...EURO ZONE ends when France gets downgraded. DONT HOLD ANY BELGIUM ;AUSTRIAN AND FRENCH BONDS in your portfolio. Haircuts coming in order to obtain forgiven debt schemes and stop kicking the can.
Feel Free to use the next 2 charts,
Special thanks to BoA
http://imageshack.us/photo/my-images/522/bankruns.jpg/
BANKRUNSSSSSSSSSS (yes, in Europe no government can warrant any deposit, its a political falacy to avoid the chaos)
and then....
the MEGADEBT EXPIRATION MIX....
http://imageshack.us/photo/my-images/141/bankrunseuroend.jpg/
good luck Europe u will need it, ..
EUROPE will drop 30-40% yes or yes to adjust to fair value just a matter of couple weeks.
SELL OFF COMING baby
US money market reason for global intervention. Loans to french
I dont hold any US treasury and any Munibond...
All Pension Funds Asset Liabilities Mismatch...
Excessive Risk in Portfolios with ultraleverage in Equities and Futures/Derivatives.
My call is during 2012 SP will hit 850 points.