October 11 at 11:22 am
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check out the charts! uh-oh. :(
even more, where was the Teutonic gravitas when banks levered up to over over 50x! that's un-frickin-believable, and, by itself, honestly, might be enough to sink the euro project. the Krauts may regret their earlier "it's an American thing" and "no way we go Euro-wide with this as the Spaniards and Italians will bleed us dry" stances.
And we will all get to regret it with them. Hanging together, hanging separately, but certainly we'll all be hanging. no doubt about that. - Dan Kearns