Submitted by Tyler Durden on 07/11/2011 08:33 -0400
This is getting serious boys and girls. Not even an hour ago we wrote about the EURCHF taking out the record 1.1801 low. Minutes later, and the pair has now tumbled another 100 pips and just hit 1.1695 without any indication it will stop. Follow this pair for the most liquid indication if the European house of cards will tumble today. And to celebrate the collapse of Europe's ponzi, Intesa Sanpaolo (remember them?) just got halted after tumbling over 6%.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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