18 Responses to Great winter retreat: Euro falls to 11-month low, more downgrades could be final death-blow

  1. c/o Luisport:

    The Euro Is Getting Demolished Right Now
    US markets have given up most of their gains from earlier, but the big story is the euro, which is getting totally demolished right now, as selling intensifies without any slowdown.

    This seems to be much more about the currency than any specific new stress in Europe. Italian yields, for example, aren’t exploding higher or anything like that.

    The FOMC announcement for later this afternoon would seem to be a possible factor in currency markets, but then, it’s hard to imagine what the Fed could announce that would be dollar-bullish.

    Read more: http://www.businessinsider.com/euro-collapsing-december-13-2011-12#ixzz1gQvouGfA

  2. RainMan says:

    So it’s possible to see large bank runs soon as people begin to panic. The bank runs were the start/sign of the 1930′s collapse. If it happens soon it will be swift and devasting, the start of terrible economic times ahead. God bless and be kind to each other.

  3. luisport says:

    zerohedge zerohedge
    S&P now cutting American banks
    há 1 hora

  4. luisport says:

    The “Neutron Bomb Of Capital Calculations” Kyle Bass And A Refresher
    Prepare For a European default

    http://www.zerohedge.com/news/neutron-bomb-capital-calculations-and-kyle-bass-refresher&usg=ALkJrhhPkVwW7sckhnGkffRnUknDHWj4gQ

  5. Irene C says:

    This isn’t good. I used to believe that we would make it through this year, but now I’m not so sure. Once the Euro goes, the U.S. won’t be far behind.

    Maranatha

    • luisport says:

      Yes Irene you can be 100% shure of it! Euro is falling hard and i think that will continue to fall because of craziness and greed of EU leaders and rating agencies warned that ALL EU countries with AAA will loose it! This will ripple across the world… we must prepare.

  6. luisport says:

    Italy is in a State of economic emergency
    Economic with Lusa
    14/12/11 07:00

    Italian Prime Minister, Mario Monti, said that Italy is in a State of “economic emergency”.

    “The other option would have been the aggravation of the sovereign debt crisis, which would have led to a recession but a destruction of wealth to the Italians”, Mario Monti, said yesterday that evoked a State of “severe economic urgency.”

    Mario Monti was speaking at the Parliamentary Committee for budget and finance to defend his austerity plan, on the eve of the debate in Parliament.

    The Government approved austerity cure of Monti provides, among other measures, the raising of taxes on real estate and reductions of pensions and public expenditure.

    http://economico.sapo.pt/noticias/italia-esta-em-estado-de-urgencia-economica_133700.html

  7. luisport says:

    zerohedge zerohedge
    EURUSD < 1.3000
    há 1 minuto

  8. luisport says:

    zerohedge zerohedge
    Euro Drops Under 1.3000 Following Record High Yield On Italian 5 Year Auction http://tinyurl.com/cwnnkzg
    há 2 minutos

  9. Leon says:

    EU totally sucks. It was established for the elite to benefit from. We the people are living every day worse.

  10. luisport says:

    CHART OF THE DAY: The Carnage Accelerates, As Gold Breaks Through A Level Not Seen In Years

    The buzz today is all about gold, and how it continues to look like it’s running out of steam.

    Of particular note.

    Gold just broke through its 200-day moving average — a line that a lot of people watch — For the first time since early 2009.

    It’s undeniable that gold has had one crazy run: Not just over the last few years, but basically over the last decade. Suddenly people are wondering whether it’s over.

    Read more: http://www.businessinsider.com/gold-moving-average-2011-12#ixzz1gWfZH2Qq

  11. luisport says:

    zerohedge zerohedge
    As a reminder, it was the S&P downgrade of the US that broke the market. http://bit.ly/tC9Uv5 EuropeAAAn follow up will kill it
    há 9 minutos

  12. luisport says:

    zerohedge zerohedge
    Greek Bankruptcy Imminent? http://tinyurl.com/7838vwn
    há 1 minuto

  13. luisport says:

    zerohedge zerohedge
    The German government has begun preparations for a possible state bail-out of Commerzbank http://on.ft.com/rx7nBd
    há 2 minutos

  14. luisport says:

    zerohedge zerohedge
    FTMFGLOBALW: Govt Prepares for Shutdown As Funding Talks Stall: Wash. Post
    há 1 minuto

  15. luisport says:

    zerohedge zerohedge
    Moody’s Turns To Canada: Ontario Outlook Revised To Negative, “Softening Economic Outlook” Cited http://tinyurl.com/bnqjrx6
    há 28 minutos

  16. luisport says:

    zerohedge zerohedge
    Fitch Downgrades 8 Global Banks Including BNP, SocGen, BofA, Deutsche, Morgan Stanley And UBS http://tinyurl.com/c8edd4g
    há 1 hora » zerohedge zerohedge
    Fitch downgrades BAC, Barlcays, Goldman, DB, BNP, Credit Suisse, Morgan Stanley, SocGen, and UBS
    há 2 horas

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