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Re: Markets Careen Down as Speculators Wake Up to Realize Little Changed with Yesterday's Resignation - Italian Yields Continue to Blow Out

By: Decomposed in ROUND | Recommend this post (0)
Wed, 09 Nov 11 7:54 PM | 91 view(s)
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Msg. 36170 of 45651
(This msg. is a reply to 36162 by atomicbob)
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Bob,

re: "some European official type will soon come out with a statement that everything is going to be ok."

Careful there. The statement will probably be made, but I am quite certain that everything will NOT be okay.

Greece's economy is less than 2 percent of the EU. Italy, on the other hand, is the EU's 3rd biggest economy. And Italy is utterly broke.

This thing is a house of cards. The only question is... how long can the children who are playing continue propping it up?

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Re: Markets Careen Down as Speculators Wake Up to Realize Little Changed with Yesterday's Resignation - Italian Yields Continue to Blow Out By: atomicbob in ROUND Wed, 09 Nov 11 6:54 PM	Msg. 36162 of 45651
Tempted to load up on financials, as I believe some European official type will soon come out with a statement that everything is going to be ok.

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