Sunday, June 10, 2012

Is The Market Sending Familiar Signals?

In a mere 72 hours we have seen Spain go from a statement that no funds would be needed to what looks like a €100bil in bank backstopping.  We are clearly in an environment distorted by media complacency.  The press is more than willing to release what they are fed instead of raw facts.

In the following piece we break down the facts about sovereign debt.  More importantly, we examine what the central banks are doing while ignoring what they are saying.  Several interesting conclusions can be drawn.

Is the Market Telling Us Whats Coming

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