Sunday, June 10, 2012

Spanish Fly

When it gets too much
I need to feel your touch
I'm gonna run to you
--Bryan Adams

Right after US mkts closed last Friday, it was coincidentally announced that a $125 billion bailout was headed toward Spanish banks. Questions about where the bailout funds are coming from remain.

After this weekend, the race to the front of the EU breadline may have turned into an all out sprint.

position in SPX

1 comment:

dgeorge12358 said...

Who will provide cash which is virtually certain to disappear forever in the Spanish real-estate market mismarking vortex?
~zerohedge