Jump to content



Photo

Eurozone Bank runs: All summer long


  • Please log in to reply
No replies to this topic

#1 nimblebear

nimblebear

    Welcome to the Dark Side !

  • Traders-Talk User
  • 6,062 posts

Posted 30 May 2012 - 08:47 AM

http://www.economicp...ift-in-ecb.html

The runs arent just happening in greece. Italy spain portugal, and others will all be having significant issues.

I doubt even the fed can print enough money to offset this nightmare. The dollar will remain the strongest of the weak thru the summer at least, until ben announces they are printing around $50 trillion to keep markets around the world propped, and attempt to offset the ensuing derivatives collapse.

WWW.

The announcements need to correlate. ;)
OTIS.