IPFS News Link • European Union
-
Special Editions
- Global
- Due Diligence
- Love Bus Liberty Tour
- Vaccine Education Summit
- Bitcoin Summit
- US-Arizona
- US-Tennessee
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
IPFS News Link • European Union
So much for the US decoupling. Following 5 days of persistent refusals
to deal with reality, the real world finally came back with a bang, and
while the overall market tumbled the most in two months, it is really
financial stocks that took the brunt of today's beating. As the chart
below shows, the XLF has literally collapsed with most major banks on
the ropes, and the broker dealer index down 6.45% the most since August
10. The reason? Italy of course, and the fear that once the country is
forced to write down its debt, the bank failures will proceed in waves:
first Italian banks, then French, and then everyone else, especially
those that have already been in the market's crosshairs for their
exposure. And if today was ugly, tomorrow promises to be an absolute
bloodbath with Italy deciding to proceed with the issuance of €5 billion
in 1 year Bills into what may well be a bidless market.
Current News | Contents By Subject
Additional Related items you might find interesting:Related items:
News Link •
Ukraine
EU Leaders Trying To Convince Greece & Spain To 'Sacrifice' Their Own Anti-Air Defenses...
News Link •
European Union
Decline of the EU Center, Pro-Russia Candidate Elected President of Slovakia
News Link •
Revolutions, Rebellions & Uprisings
Farmers' Protests Using Tractors to Block Traffic Halt EU Green New Deal in Its Tracks
News Link •
Revolutions, Rebellions & Uprisings
Police sprayed with manure as farmers blockade EU HQ
News Link •
Business/ Commerce
Apple Hit With $2 Billion EU Antitrust Fine; Concerns Rise Over iPhone Demand
Feature Article •
Surveillance
The EU parliament officially approved the 'European Digital Identity Wallet' yesterday.
News Link •
European Union
1 Comments in Response to Italy Sparks Market Bloodbath: Financial Stocks Collapse
http://www.reuters.com/article/2011/11/10/us-eurozone-idUSTRE7A831520111110
http://finance.yahoo.com/blogs/breakout/european-crisis-fears-sink-u-stocks-212918039.html
http://www.washingtonpost.com/world/europe/berlusconi-vows-not-to-run-for-office-again-backs-ally-for-pm/2011/11/09/gIQAjD7f4M_story.html
http://www.nytimes.com/2011/11/10/business/daily-stock-market-activity.html