As global equity markets gap downward the trading day after I suggested Watch The Pandemic Bank Flu Spread,
can kicking will get progressively harder from this point on. As I have
said in my many interviews, the only way out of this is debt
destruction, which will crush big European banks leveraged up on debt
marked at par of close enough to it.
Having
made clear that default was the only way out, Iceland has once again
proven me correct. And just to jog the memory, I made it clear
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