Disastrous Piecemeal Breakup of Eurozone Likely in the Cards

Mike Shedlock

As a point of curiosity, the Greek 1-Year Bond Yield touched 682% today, now down to a mere 666%. Bloomberg quotes the open as 566%, if correct, the one year yield soared 116 percentage points from the open to the high.

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Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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12 Comments So Far

pentar Wrote: Feb 25, 2012 1:20 AM

In 1985 the US-China Trade Deficit was only

-600-million-$$

US-Foreign Unfair-Free-Trade Deficits Totals !

Goods-Products

Obama - 2009-2012 - 2-trillion-500-billion-$$$
G-B-2 -- 2001-2008 - 5-trillion-293-billion-$$$
Clinton - 1993-2000 - 1-trillion-647-billion-$$$

US-China Unfair-Free-Trade Deficits Totals !

Obama -- 2009-2012 - 1-trillion---75-billion-$$$
G-B-2 ---- 2001-2008 - 1-trillion-435-billion-$$$
Clinton -- 1993-2000 ------------- 385-billion-$$$
G-B-1 --- 1985-1992 --------------- 56-billion-$$$

Given-wasted-lost to; uncivilized-barbaric-sadistic,
beligerent, corrupt-criminal Communist China !

In 1985 the US-China Trade Deficit was only

-600-million-$$

Traitorous-Treasonous-Corrupt-Criminal-Disgrace !

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restoreliberty Wrote: Feb 23, 2012 12:00 AM

just the first of many dominoes to fall in the EU

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raelonda0903 Wrote: Feb 22, 2012 11:04 AM

Did 'Rosie the Riveter' need a tax cut to put in long hours of work at the B-29 plant that made bombers that bombed the 'Land of the Rising Sun' to kingdom come?

The Republican party's precious tax cut during WAR is a big disgrace and is not the sign of a superpower that is willing to 'buck up' and engage the enemy. And this discussion has nothing, whatsoever, to do with our foreign-born Muslim president.

It is not a military tactic, it IS a sign of gutlessness and weaseliness in the face of our country's Islamic-Fascist threat.

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psullivan Wrote: Feb 23, 2012 5:44 AM

We're not at war. We have not declared a war since 1942. Except on concepts, like the war on poverty, the war on drugs, the war on terrorism.

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pentar Wrote: Feb 25, 2012 1:18 AM

The fearful leader Saddam had Weapons of Mass Destruction to harm Americans in 2003.

The USA went to Iraq, putting themselves in close proximity to these WMD.

Saddam, scared that his public image would be tarnished, banished his WMD to a far-away place, Syria !

These weapons unbeknown to Saddam completely degraded over the next few months.

Saddam was found in a hole.

When the Iraqis stand down the Americans can stand up !

No, IT IS, when the Iraqis stand up the Americans can stand down, Hoorah !

Then Iraq granted all of their oil concessions to the Red Chinese because China has been saving their $$$ by NOT liberating people !

What ?

Are we really such; hapless, witless, stupid, idiotic, moronic losers

?-?-?

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Blair31 Wrote: Feb 22, 2012 7:54 AM

Thank God Britain, under Margaret Thatcher, didn't join the Eurozone. This is what the Iron Lady warned the British people about.

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Pistol Wrote: Feb 22, 2012 5:23 AM

Shedlock has been pretty much ahead of the curve on Greece. So where is this all headed? The US has been benefitting from the flight of capital from the PIGS. But Shedlock implies the domino effect will probably end this artificial support for our problem, which is basically the same as Greece'. We are spending more than we earn. At some point debts must be paid or financial ruin/chaos occurs. This can't be cured by printing more portraits and calling it money, or re-cycling debts. We live in interesting times. The ability of yahoos to mess up a brick is fabulous. One rarely loses by betting against the public.

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Harlandaily Wrote: Feb 22, 2012 8:36 AM

Good Point ! But ! No one seems to be Listening. However the People are at best an Unruly Homicidal Mob when their Welfare Check is reduced.

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Disastrous Piecemeal Breakup of Eurozone Likely in the Cards

Mike Shedlock

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