If the Germans Can’t Pay Then…

German Economy Sinking With the European Ship.

The markets exuberantly rose on Friday when the MSM spun just another summit into a BREAKTHROUGH!

Even if the Germans agreed to pay for everything, it appears that their wallet might have something to say about that. Additionally, I have read very little commentary about the fact that while Italian and Spanish bond yields were declining Friday, German yields were rising. In fact, they were briefly above U.S. 10yrs.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s