Thursday, 17 May 2012
If money makes the world go 'round...Market observations!...by Michael Haltman at TPC
Are these financials stock charts telling the classic tale of "where there's smoke there's fire"?
Unless someone has been hiding under a rock, and even then, we are all well aware of what is going on inside the EU financial crisis and specifically, for at least the time being, the epicenter that is Greece.
There is anecdotal evidence (or even worse, actual evidence) of a run on the Greek banks, new Greece elections occurring in June that may ultimately force Greece out of the EU and, if that happens, the potential for an accelerated run on banks along with a buyers strike on sovereign bonds in countries such as Spain, Italy and France to name just three.
The hypothesis is that if Greece is out of the EU, what is to stop these other countries from being forced out as well?
Read the rest of the story at The Political Commentator here.
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