Posts Tagged ‘Europe ’

U.S. futures were down sharply this morning as the proposed Spanish shell game we discussed yesterday was denounced as a 'no go' by the ECB.  Despite yesterday's equity rally the dollar did not budgt nor did bonds.  In fact U.S….

It is still very early in the conversation but the fact some European leaders are seriously considering a region wide bond is definitely a sea change.   This news came out yesterday and while Germany will resist, it will be…

Institutional bank runs are what really set the U.S. crisis of 2008 off to a new level – that is when a lack of trust in the system becomes apparent, and people simply want to see a return of their…

Just when you thought it was safe to go into the water (insert proverbial Jaws theme here) – after the bell S&P was kind enough to downgrade Spain.  Futures are down about 0.4% in after hours so we'll see what…