A European Tragedy of Errors: David McAlvany in Brussels
Posted on 28 September 2011.
A Look At This Week’s Show:
-Euro zone now estimates 2 Trillion Euro’s needed for adequate “Shock and Awe” backstop to Euro banks
-Last week’s realization that recession is far from over triggered a flight to liquidity (Dollars and long bonds)
-The selloff in Gold and other commodities was purely a “paper” sale to raise quick liquidity. Real physical gold is not being sold and is in fact become harder to acquire
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